What is your prediction: are the markets in the middle of a correction, or will the markets be heading substantially lower?
My opinion is that this massive sell off we are seeing is more than a correction, I believe the markets are heading significantly lower. I see NASDAQ bouncing between 2100 to 2200 for 2-4 weeks. I do not think NASDAQ will hit 2000, but breaching 2100, in my opinion, seems possible and likely.
NASDAQ 2 Year Chart:
Dow 2 year Chart:
S&P 500 2 year Chart:
What is your prediction regarding the market action we are seeing around the world right now?
I have also created a new forum thread at the Enhanced Trader Forums: Prediction: Market Correction or Big Market Decline? Share your predictions and thoughts about the action we are seeing in the stock markets.