Kevin Kennedy

Is This the Double Bottom?

Although the Nasdaq and Russell 2000 just broke below their January lows, it wasn't by much and a double bottom is possible on those indices as well. The only problem is that the Fed is late to the party and the economic data points continue to deteriorate. We might need to get closer to Nasdaq 2,000 and see some more extreme panic selling before a true bottom is carved out.

Kevin Kennedy
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