Sold 1324.00 in the ET chatroom today and called out my last target was at 1294.00..flat now with a +30.00 point hit on my last 1/6'th. You can keep selling the rallies, this market weakness is not over with yet.
Never been affiliated with a MP site? I did spend time learning MP from the IOAMT room a few years ago..maybe that is what you were talking about.
I wouldn't be surprised to see the dow drop below 11500 very soon. The federal reserve should have held off on cutting rates, they should understand that cutting rates was the wrong way to go, they have to understand that its OKAY to have a slowing economy, that its OKAY to have a recession once in a while. Recessions make for a healthy economy, trying to stop an economy from going into a recession will only make for a worse recession.
I agree that a recession is part of a healthy cycle. Whether rates were cut or not cut we are in a recession. Seems like all the Central Banks wanted a cut last week. I think they are concerned about an outright panic taking hold.:eek: