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Strategies & Market Trends : Point and Figure Charting
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kimberley
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To: mattstat who wrote (32744)1/30/2020 2:28:27 AM
From: Underexposed3 Recommendations  Read Replies (1) of 34811
 
And I says the correction is already over. The bull market now resumes.

Really??? And what qualifies you to make that comment? Where is your evidence? The fact that the $SPX has had 3 days of up ticks says all is well...let the bulls run and throw all your money in the market like before.

So naive... You obviously don't make your living in the market with that talk.

The coronavirus is not yet under control in China or anywhere else in the world. There is much that is unknown about this disease. A vaccine won't be available for a year by all accounts. Luckily it is not as lethal as SARS was but what if it mutates to something more lethal....who knows. The best that is happening right now is the known instances out side of China are being isolated and treated quickly...and most don't die.

You have Starbucks shutting down more than half of its roughly 4,300 stores in China—its second-largest market is China, McDonalds is slowly doing the same in many places in that country. The second largest economy in-the-world is slowly shutting down to combat this disease and you say all is well, so the Bull market resumes.
We are not talking about an area of insignificance to the world economy like say Africa... China accounts for 75% of total value of components used in TVs and almost 85% in case of smartphones. All critical components like mobile displays, open cell TV panels, printed circuit boards, capacitors, memory and LED chips are imported from China. Air conditioner compressors and washing machine motors are also among sourced from that country.....

If this disease is stamped out in a month and things return to normal...yeah the Bull market could return. But at its present rate of spread this could be a major event in financial history.

But you say that the BULL RALLY has returned....yeah right.... I doubt you have any tools to come to that conclusion.

UE

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