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Strategies & Market Trends : Point and Figure Charting

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To: AdvocatusDiaboli who wrote (32820)	2/5/2020 4:21:11 AM
From: Underexposed	of 34818

Hi AD when I gave my response to that video I had only gave the video a cursory look. Something nagged me about that presentation. It sounded too marketing to me ....just a nagging feeling. But I have looked into it further and have some things a little more critical to point out. First I want to show a 10 year chart based on daily points for the SPX 500 Now they talk about the mild correction in the blue circle at 2016.... even the Moi lady would be able pick out the real bullish double bottom in that circle... you don't need 75 and 200 day SMA crossovers to spot that possibility. Now look at the present day blue circle.... does that chart look significant compared those of real $SPX bear runs following a pullback.... I don't think so..... The current situation is a mere blip in the chart compared to other events in the past. NOW look how each Bear/Bull event started...doesn't it look similar to what it currently looks like... It could go either way frankly...BUT IT IS NOT the end of anything significant yet. Note that the presentation offers no information as to what was going on during these events. Are you that naive that you do not believe that local, company, country or world influence financial markets. Good news begets good response... bad news causes a bad response. 2008 was the result of world financial meltdown, the bullish 2016 rise was Trump's election, 2018 was a year of world turbulence...fighting climate change views, Trump insulting all his allies, Kashoghii killed by the Saudis...unending fighting Look at the financial meltdown of 2008 and the big one of 2019....Look at the one they do not talk about that was quite serious at the time ...2018 -2019....What are the good things happening today? The coronavirus is over...not really, it has just really started with deaths and occurrences slowly increasing. Climate change is a myth...hahaha tell that to Australia as it burns and other firestorms Peace and harmony in the USA government hardly. Great outlook for business...yeah, the number 2 country in the world is in the toilet right now and if you think the longer this lasts the better it is for the USA....think again. Trump escapes outright impeachment but by trickery and partisanship not a trail trial. No these are not great times. Now this might be the start of a bearish correction or a every tiny correction with a bullish continuation..... who knows... though my impression this is the start of a bear run....not the end of one...but either way hardly follows the examples that they point to.This is not the end of something but rather the beginning. This video is a sales presentation...not really good TA in my opinion. They want your business. UE

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