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just looking back to 1929 when the dow failed to reach a new high, ti took 2 years before it eventually found a bottom. today looks exactly the same to me now if the dow does not respond by the end of the year, or in anticipation of what things look like at the end of the year. everything will be in place by end of year which might include uncertainty with US election and other uncertainties throughout the world.
if you have the general direction right trading these markets you can get the odds in your favor.. since march if you were short, you got decapitated, the same thing will happen now going long. if you are a non trader, you will continue to get whipsawed. the only way to hold positions overnight long or short these days are with some defined risk which you are paying for dearly in the form of high premiums.
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