Replies to post #4568 on S&P 500 & Nasdaq Analysis and Trends

[Myself °¿°]

Interesting… I’m reading between the lines here and I don’t want to assume anything so correct my if I’m wrong…
Your board = "Sector Investing" #board-1697

Yet you are not rolling into the defensive and still have hope for a tech/semiconductor rebound although it is short lived…

Will you be rolling into the long side of a defensive sector after that… or not willing to put any faith/cash in the economic cycle theory?
Just raising cash?

thanks

[Chris McConnel]

My gut tells me that there will be tech rallies but they will fail.


That seems to be the consensus thinking right now. A rally starting next week sometime, that is unable to break the top set in Jan. And when it turns back down, makes a low, that is lower than last week.