Originally Posted by Piobaire
So in summary, either things will stay the same, go up, or go down? I think you're 100% on target.
I'm sure you're joking and pointing out the futility of trying to predict things. That being said, what I said was, my 'prediction' is that the market will level off and start to come down within a week, two at the most and blow off 5-10% of the over zealous upswing we've just had since I don't think it's based on anything real, given that there was no real major news and some of the big guys haven't really moved anywhere. I think it's just people being tired of watching it all go down and sitting on the sidelines and all the brexit money that left the market, plus all the foreign stuff coming into the US market is giving it a bit of a fake rally. If it keeps moving sideways, the only way it's going up from here is if something big happens and that's entirely unpredictable. To me the more likely thing is it comes down, either slowly or quickly. Hence why I trimmed quite a bit today. Let's see by the end of the week if it's flat or has already started coming down :-)