Thoug Gekko Coined it, Rand has the Copywrite....
Target and lowes guide down....
the down down 50
the naz down 10
please let the strike spread to the rest of the country.....
My Crystal ball says:
Short Term:
Turn around wed, or thursday.
Possible attempt at a fake bottom today after a sell off.
The more fear we see the more likly the bottom.
Mid term:
choppy trading through the next fed meeting.
Longer term:
After the fed we trade up to new highs.
Fed doesnt' cut, economy is in control.
fed does cut, whoohooo free money.
Lot's of "it's not as bad as we expected"
Then the Q4 info starts comming in.
and we are in a Bear market:
Overall.... I expect a bounce, but this is a "dead Cat" bounce
this move ends either on par with the pre fed meeting or 1440 s&p
I'm not sure if I play gold or play tech after this. Let's see how the Naz does.
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