Do you agree with his assessments, Jamie? I'm all cash right now in my trading account. The rising inflation and slowing economy doesn't fill me with much confidence.
Yes, I agree with his assessment, especially where it concerns the Nasdaq, which he says is the weakest of the three. At this point I'm all cash too. The Nasdaq broke a long-term trendline in early June and Monday it retested it with a kiss. The next few sessions should give us a better idea as to whether the trendline breach was a bear trap, or if we are indeed heading much lower.
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Do you agree with his assessments, Jamie? I'm all cash right now in my trading account. The rising inflation and slowing economy doesn't fill me with much confidence.
Hey monkeydust,
Yes, I agree with his assessment, especially where it concerns the Nasdaq, which he says is the weakest of the three. At this point I'm all cash too. The Nasdaq broke a long-term trendline in early June and Monday it retested it with a kiss. The next few sessions should give us a better idea as to whether the trendline breach was a bear trap, or if we are indeed heading much lower.
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