We had 3 straight up days. Yesterday opened to the upside, and it was all downhill after that… and, it got pretty serious, too!
The pre-openers are off this morning, and as of almost 8:00 a.m. EST, they look to want to shave another 1/2 of 1% off of the Dow and the S&P.
I’m going to update my timing effort, and try to get an idea as to just how far down things would still need to get before we could have a ‘reset,’ and call for a potential low-risk market entry opportunity.
I rather like that it is doing this now, as it can be a precursor to a good start to the next year… if it’s going to be a good one.
I’ll add more after I conduct that bit of research.
Minutes before the open, the pre-openers have turned flat to up!
Here’s to your successful investing!
Harold F Crowell