The Dow Industrials managed to post a 2.5% gain for the week. NASDAQ is down 4.3% at the end since last Friday.
If the market flattens out in here, how long will it take the brave souls of investors to change gears to being net buyers instead of sellers?
Can your accounts trade a range with say 1250 on the NASDAQ as a base and 7800 on the Dow? If AIM had you buy all the way to the bottom, you would be all set. However, if you couldn't make that last purchase of 500,000 shares of your favorite stock because the cash pot ran dry, then maybe you'll have to wait for a higher trading range.
I think a NASDAQ 1600 is realistic as a near term rally top. Maybe 9400 on the DOW.
Maybe it's finally time to discuss what to do with Deep Divers!!! I'm spreading Neosporin all over the wounds to my portfolio. Hope the infection doesn't spread!!! Hope they start healing soon!!!