13-05-2022, 10:21 AM
(11-05-2022, 09:05 AM)revealer Wrote: Expect a rebounce? Sorry, no sign of any rebounce; if there is, likely to be a dead cat bounce.
Everyone is talking about watching today's US CPI to judge how Fed would move next. But they will be disappointed because there is always a lag btw Fed fund rate hikes and CPI rate falls.
No bottom has been sighted. Expect DOW to test 31,500.
Hit 31,500 and below 4 times last night and each time, rebounced within an hour. Now guess how high DOW will go this time before deciding to go down again?