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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (142873)	3/28/2020 4:15:17 AM
From: GROUND ZERO™	2 Recommendations Recommended By Claude Cormier Hawkmoon Read Replies (1) \| Respond to of 222175

Good Morning Hawk, excellent video, he's right about the possible long term double bottom... I keep those kinds of weekly and monthly charts going way back, for the DOW all the way back to 1914... He pointed out the most compelling problem as of the past day or so which is that the United States is now at the top of the list for infected cases and the numbers are accelerating higher... As of this morning, here are the countries and the number of infected people, the list of countries is longer than is shown here but these are the countries at the top of the list... How the markets will respond is anyone's guess, we're now entering uncharted waters, these recent lows could easily be taken out, we'll know this coming week, but I think it's prudent not to get more aggressive right now since the virus factor remains a very big unknown... gisanddata.maps.arcgis.com GZ

To: Hawkmoon who wrote (142873)	3/28/2020 4:53:35 AM
From: GROUND ZERO™	3 Recommendations Recommended By GoodGord Hawkmoon Katelew Read Replies (6) \| Respond to of 222175

Here's a weekly cash DOW chart going back more than 20 years, that video didn't show this chart... A line drawn from the tops in 2000 and in 2008 extended to today shows the bottom tick of this recent decline comes exactly to that line... This is a strong line, so it has to hold otherwise we're looking at more selling, my hunch is it should hold... Notice the increased volume at the bottom of this chart... I thought you might find this chart interesting and noteworthy... The highlighted price on the right side of the chart shows where it closed yesterday, at 21636.78... It would make some technical sense if we did pull back to test these recent lows and then begin a healthy recovery rally... I think a lot depends on the progress of the counter virus efforts right now... GZ