......where will it come from?
Most of the indices are nearly back to the lows seen at early Jan. Then, we had the surprise intervention of the Fed, bucking things. Unfortunately, this card has been played now, and there does not seem to be any other pieces of good news on the horizon. The only saving grace, I hope, is that technically we may be in a trading range, and that the lows being retested will serve as good areas of support....otherwise a lot of pain may follow.
I believe the next week will be pivotal, esp how the market reacts to any further earnings disappointments. If it bounces, things could look brighter at least in the short term....
Good luck all
Mark
Most of the indices are nearly back to the lows seen at early Jan. Then, we had the surprise intervention of the Fed, bucking things. Unfortunately, this card has been played now, and there does not seem to be any other pieces of good news on the horizon. The only saving grace, I hope, is that technically we may be in a trading range, and that the lows being retested will serve as good areas of support....otherwise a lot of pain may follow.
I believe the next week will be pivotal, esp how the market reacts to any further earnings disappointments. If it bounces, things could look brighter at least in the short term....
Good luck all
Mark
