Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
In case anyone doesn't know what Tuborg is talking about, here is a screenshot from the chart software I use. I made the 100 day moving average purple, I would like to see a bit more upside though, so we are not out of the water yet. However, I would say this is a good low risk entry point. If it falls below the 100 day moving average, sell it until the next support level is formed.
It might be suggesting that the new 10 percent correction is now about 4 percent. As is always said the rear view mirror is just that.
I'm not quite convinced we'll see a textbook 10% correction, but I'm looking for sustained volatility until some of the current geopolitical issues are resolved. No matter what happens globally, I still think we'll see an advancement in the markets later in the 4th quarter. Next year should be very interesting.
the volatility will be a day by day thing. the good news is there is a whole lot of money waiting to go in on dips.
Good point...I'm not trusting the fund managers. I think they'll probably drive the market higher in the 4th quarter. This will draw in many retail investors. (The holidays are the buying season.) Then the first half of next year we'll then see a 10-15% decline. This is when the managers will jump in with their cash to drive the market to new highs.
I still think the S&P will close out the year at 2014.
Look at the picture I posted... it was no head fake.
It's a very compelling graph. My concern is with the previous catalysis that prompted the up trends. I'm not shore if the current move up would be caused by the same previous moves.
On July 25th the S&P closed at 1978. 1978 on the 28th and 1969 on the 29th.
The next week initial 2nd Q GDP was released. The market began a decline (1930 on Juy 31) and reached an intra day low of 1904 on August 7th.
Now heeeeere we are again with that GDP number to be revised tomorrow.
The consensus is unchanged at 4.0%.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
