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Contra deals. A bob each way or not? Not that I invest this way myself, but.....
"S&P 500: The Bottom Is Already In"
https://seekingalpha.com/article/452...erm=must_reads
" We are now in the unfavorable months for the stock market; June - October. There is a lot of talk about a bear market, recession, etc. Is the bear market over or is it just beginning? I don't know. I just try to follow price and the trend. Right now, the trend for equities and bonds remains down. I will monitor the markets for the month of July and then reallocate, if necessary, at the end of the month."
https://seekingalpha.com/article/452...erm=must_reads
https://seekingalpha.com/article/452...erm=must_reads
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DOW appears to have put in a low during October 22, bullish rebound up through the large (E)MA’s and the down trend line from the high, back tested both for a higher low, and off to a solid end of year and start of 2023.
Chart here, notably this action is around the 61.8% Fib retrace from the ATH to Low. Up 17% from the lows, to being down only 9% from ATH, previously down 22%.
Too early to call a reversion to Bull market, but looking for support to hold and a new higher high would be encouraging. Markets are forward looking, they say.
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