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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: AdvocatusDiaboli who wrote (32504)	11/20/2019 10:43:35 AM
From: Fintas	2 Recommendations Recommended By AdvocatusDiaboli toccodolce Respond to of 34813

Wilbur Ross who is himself a billionaire and who did so exploiting the opportunities the market presents while being interviewed by Lou Dobbs kept it real. This is a bit out of context and those who want the exact can dig it up. What he stated was that any who do not think the markets do not go up and down do not understand the markets and the need for volatility. So he was simply stating that at some point there will be a pull back and that's part of the game. Whether it's due to China or other will be learned over time. But from his point of view that's a good thing for it allows opportunities for others to step in and get a bargain. Off the top of my head I think he stated that most equities trade with a 25% range and that would make sense. So we shall see how this plays out. Lastly this you stated is so true. "But in reality what has fuelled this market since the GFC has been funny money, low interest rates and QE." One only needs to go back to year 2013 when Bernanke was to begin the stopping of the taper but failed to do so due to the govt shutdown and FEAR. Thus the taper just continued for near 1.5 years as Ms Yellin just let it keep going. That is where that GAP UP at the 1648 SPX area occurred. Will it ever be filled. The X's and O's say it can be but if we push up up up then kiss it good bye and above it would be the 1944/2430. Well we know the 2430 was just hit last year ish so that's a doable. The 1944.. Well we know that was tagged 3 times since 2015. It will be fun to see how it plays out at some point. In the meantime I'm sticking with the 2700-3240 trading range. IMO Fintas