We interrupt this regularly scheduled broadcast
The equities markets' initial thrust down appears nigh complete.
I expect an interruption of the decline for a few days to 2-3 weeks for a price rally (on diminishing volume?) of 3-5% (~30 to 50 S&P points). Or even sideways trading. How the markets trade for the coming days and weeks will betray just how strong, or weak, it truly is.
I suspect the decline will resume soon enough. In earnest.
-- David M Gordon / The Deipnosophist
I expect an interruption of the decline for a few days to 2-3 weeks for a price rally (on diminishing volume?) of 3-5% (~30 to 50 S&P points). Or even sideways trading. How the markets trade for the coming days and weeks will betray just how strong, or weak, it truly is.
I suspect the decline will resume soon enough. In earnest.
-- David M Gordon / The Deipnosophist
Labels: Market analyses
posted by David M Gordon | 5:24 AM
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