Let's have it. What is going to happen over the next week? Don't be shy - who cares if we get it wrong. Don't mealy-mouth it with a "could be X, but maybe Y". X, or Y. Use anything you like to support your decision.
I think China is going to confirm their rates decision next week, and commodities will take a (further) hit, which is likely to take some of the market with it.
I think China will confirm rates decision, it's all priced in already, markets will like the certainty and we will see a recovery. Dow will go back up to resistance. Then probably tank again on some other reason. Short term longs.
Well to be safe and secure I will say the sun will rise and set as it always has. In the southern hem will rise fractionally later and set fractionally earlier due seasonal changes. The reverse for the north...;-) You said you wanted specifics....
I cannot predict but a measure i've used in the past which has given satisfactory results is. 1.Natural gas price increase has been up since yesterday afternoon.2 This usually leads to about two to three days later an increase in the gold price 3 and two days after that in the platinum price. I can not say if share prices will increase because of this.
I know, just adding some spice! My seeing some ugly downside still to come. Maybe 500 pnts on ALSH then a sideways move for a day or three. beyond that, to risky to even think of short term. Long term 3 to 5 yrs, what the heck we will see DOW at 16k
Barry has a point. I watch the oil price. Market tends to follow a couple of days later. Brent up at the mo +/- 0.4%. Top 40 will probably test major support line at or near by my reckoning at 24180 in next day or 2. By Tues/Wed if crude keeps tracking upwards expect a recovery. After that who knows?