Where do we go from here? Ask a hundred people...get a hundred different opinions.
Here's mine for whatever it's worth.
The decline off the January '22 top left the door open for many corrective scenarios.
You have the 2000/2008 "crashers" and you have the "correction is over" and we're on a Nirvanic journey into the stratosphere.
There's little doubt in my mind we are at an historic turning point relative to the environment we experienced over the past 13 years. The easy money era is over...anyone and everyone made money using the "buy the dip" approach.
What's likely based on my view of the big picture is that we'll have a large trading range corrective environment for years... tracing out a large flat wave 4. This fits into the rule of alternation between big picture wave 2 and my perceived wave 4 we've just begun.
Shorter term...I think the corrective range we are currently in could include a nominal new high along with sharp but contained corrections to chop up both long and short players. Don't get me wrong... there will be good money to be made but the "buy and hold" strategy is over along with "2008 is here" again. It's time to work for your money:)
My $.02
Here's mine for whatever it's worth.
The decline off the January '22 top left the door open for many corrective scenarios.
You have the 2000/2008 "crashers" and you have the "correction is over" and we're on a Nirvanic journey into the stratosphere.
There's little doubt in my mind we are at an historic turning point relative to the environment we experienced over the past 13 years. The easy money era is over...anyone and everyone made money using the "buy the dip" approach.
What's likely based on my view of the big picture is that we'll have a large trading range corrective environment for years... tracing out a large flat wave 4. This fits into the rule of alternation between big picture wave 2 and my perceived wave 4 we've just begun.
Shorter term...I think the corrective range we are currently in could include a nominal new high along with sharp but contained corrections to chop up both long and short players. Don't get me wrong... there will be good money to be made but the "buy and hold" strategy is over along with "2008 is here" again. It's time to work for your money:)
My $.02
