Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

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To: llap who wrote (133269)	3/9/2020 11:49:45 PM
From: robert b furman	2 Recommendations of 206926

Hi llap, And oh by the way bounced right off the 200 weekly ma (just like it did back in Dec 2018): screencast.com I really like that idea of a running flat from 2017 top at 26,769 (start of A), down into Dec. 2018 (21712) was end of A. B up to 29568 the fast decline to today ( 23706) as the end of C which retraced 75% to the end of A at (21712) . That would put the end of C 2000 points above the end of A and 3000 points below the start of A. Fitting the definition of the rare running flat. That would also usher in the beginning of 3 of 3 of 3. Oh llap, from your lips to God's ears on that one. That might explain the similarities of speed in the fast declines of both A and C of the running flat. If one compares the clx numbers of those two corrective waves they are twins, with C being faster and lasting a day or two now longer now. Trade tariffs basically resolved, a virus that shuts things down for a month or three as it travels the globe not doing much carnage but stopping the world in its tracks as far as manufacturing is concerned. Leaving pent up demand. While generating a globally coordinated central bank support and boost of high liquidity with low rates, just in time before 3 of 3 of 3 unleashes in a massive catch up of trade stalled from trade tariff conflicts and stalled industrial production from Covid19. If that's the case, this recovery will be a splendid thing of beauty. Fast Strong and UP! Let the rip your face off Rally begin!!! That's such a surprising idea - just when everybody bailed - It really is perfect!! Bob

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