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Re: Lostcoastkid post# 15648

Wednesday, 09/28/2022 7:29:50 PM

Wednesday, September 28, 2022 7:29:50 PM

Post# of 18560
Well, with the RSI now at 26 it’s more likely to go up vs down if left on its own. But it’s the markets themselves and the economy in general that holds the keys. This reminds me more of 02 than 08 with a little 70’s and early 80’s mixed in. Were all going to find out. My thoughts are more on the macro, S&P is the one in my focus, if, and again if, the S&P falls to the 3200 to 3300 area, ok that I can deal with. If, however were already there or worst when the next round of earnings comes out in 7 to 9 weeks that maybe enough, along with the economy to trigger that fear of capitulation you mentioned a few months back. All in all, I think it will pay to be nimble. I think it’s all but assured that we will have a recession in 23, but that word can have many favors, from a light, into and out, to a deep dive. And then there’s the length. Next round of earnings should be interesting.