I continue to view the economy as having entered a recession, something which is still not materially discounted into stock prices. What matters is what is actually happening in the market. IMO, it is pretty clear what it is telling us. However, as the author suggests, we will have counter rallies. A decent trading opportunity is close at hand today in the QQQ or NAZ or individual NAZ stocks.
Risk is relatively small with a reasonable stop close at hand.
We are either at a clear double bottom or we will take the bottom out and move lower utlimately to test 1500 or the three year lows. I believe it is worth the risk to make this trade as long as one places the stop in the QQQ or individual stocks. Good luck to all. Happy Days Sorry to see that Gary and 401K are not around anymore. Miss them both.