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NW Indiana | I liked your 2600 target. 50 day moving avg is just above and 50% retracement from high to low. I decided late today to take my equities futures gains from the December 24th trade and sit on the sidelines a bit. I seen yesterday an analyst point out that the last 3 times there has been a 20% pullback(I don't remember the years but most recent was 2011) that each time there was a relief rally and then a retest of the low. Bull or bear I think a retest is likely, at that point we will decide if this is a major correction or if we are truly entering a bear market. I still believe this is just a major correction coming from the unreal run we had from November 2016. So Pitt what are your thoughts at this point?
Sandiego77 care to chime in? | |
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Pitt I have to agree with you on equities.
