Trading Range

I believe the market will remain in a trading range for the remainder of the year and that we are likely bumping along the top of that range. We could see a move down of 10% but the seasonality does not support a total collapse. That is likely 2010's business.

1 comment:

Anonymous said...

I'm pretty certain at this point considering the economic data, the supply and demand, seasonality, combined with the overbought/sold oscillators, and the near term sentiment considering not only obamanomics but the deficit and the likely range of the currency band and oil price petrodollar decoupling with the public option that the market will most likely go down if it does not go up. Pretty sure.