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On the Defensive, Short Term
People say the stock market now looks like it did in February. That correction took three weeks to work itself out fully.
History repeats in a general way, but not in a detailed way. There are lots of variations. It is a good bet that this time will not be exactly like February.
Still, there are plenty of other past shakeouts to use as models, and most of them lead me to look for some more downside followed by choppy bottom testing, perhaps lasting until month end.
I “look for” this scenario in a general way. I don’t expect the exact same pattern.
I always want to stay flexible and responsive to what the market tells me as it unfolds day by day. We really can’t see much ahead in the fog of the war of trading survival.
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