This is NOT thus saith the Lord.
This is Gene after many years of trading. We have hit a major support point in the market.
I know about chart patterns. Chart patterns say to me we have now found a bottom. And it's a weekend coming up. I suspect tomorrow will find higher closes on the Dow.
Then, stability. Trading range. And, over time the bear market will end. It will trade sideways for a while. But it will trade.
At least that's what the chart says.
1 comment:
Praise the Lord. When the DOW fell below 8,000 I was just salivating at the opportunity to ding "that one" (otherwise known as the NG, pronounced "nig", i.e. RGR), but as I watched in amazement the market recovered and even got to 8800 before falling back. This is one forecast I hope you're right about...
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