Hi guys
Not often I start a thread like this, and I've not been reading HC much over the past couple of months, other stuff in life has taken over.
But, I've been reading over some posts the last couple of days, and there seems to be a feeling that we are near a bottom.
My take on the charts, taken in context with all kinds of economic and corporate news, is that, the downtrend is going to continue for quite some time yet.
They'll be little rallies along the way, but overall, I think we're going to go much much lower over the coming 6-12 months.
i don't have any predictions of targets, but I do think the volatility will continue, in both directions - but with an overall bias towards the negative.
just my take on things, feel free to express contrary. I've not provided any evidence in this post I know, its merely opinion.
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- down trend to continue
down trend to continue
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