If you're down 10 percent and you time it appropriately, then you could be up 18 percent at the end of the year as opposed to 8 percent. That's why I'd look at whether the economic signals corroborate the technical signals.
More Quotes from Marc Pado:
The bulls have some work to do today.Marc Pado
Adobe Systems issued an earnings warning that is a little light of expectations. The market has shown some true resilience, but the question is, how long can the rally last if technology stocks refuse to participate.
Marc Pado
It will take some strong earnings and bullish forecasts, as well as positive economic data, to keep the rally going. There are plenty of economic data and earnings releases to sway market opinion from hour to hour and day to day. Behind it all, there is the rising threat of geopolitical tensions with Iran and higher interest rates out of the Federal Reserve.
Marc Pado
It's going to come down to how sales are pre-Christmas, what we hear from the retail sector, ... I would expect next week, while remaining positive, to have not as robust a move as we saw this week.
Marc Pado
Internally, the market's bounce left something to be desired. Since the market went out on the high of the day, it should have some morning momentum left. The real question is whether or not it can be sustained without any major earnings-, economic-, or oil-moving news.
Marc Pado
Readers Who Like This Quotation Also Like:
Based on Topics: Economics QuotesBased on Keywords: corroborate
He that speaketh against his own reason speaks against his own conscience, and therefore it is certain that no man serves God with a good conscience who serves him against his reason.
Jeremy Taylor
Sometimes I wonder if we shall ever grow up in our politics and say definite things which mean something, or whether we shall always go on using generalities to which everyone can subscribe, and which mean very little.
Eleanor Roosevelt
Bore children, and they stop reading. There's no room for self-indulgence or showing off or setting the scene.
Mark Haddon