Someone much smarter than I and a lot more years trading wrote
this today: "If our analysis is correct, the Q2 and Q3 global
economic data will be very distressing and likely prompt a
continued downside price contraction in stock price levels and
valuations. The disruption to the global economy has likely
shaved 5% to 15% (or more) off total global GDP output for this
year. Still, the US Fed and global central banks have poured
more and more capital into the markets attempting to front-run this
contraction in the global markets. We believe this “reprieve”
in selling is likely temporary right now. The broader,
longer-term, price cycle we've identified it still taking place and
will likely prompt a deeper price bottom in the global markets
before the end of 2020".
It is purely speculative but has some merit to it.
Logically I agree totally. But I follow price action and not
logic because I’m not smarter then the market. I have stayed fully
invested because the price action is bullish. Makes no sense but my
account balance keeps growing.
I think we all agree. Follow price. The post
was not meant for actionable trades. Just information from
ones POV. On 2/24 I was 100% in Cash and started
buying back in to the market on 3/18. I dont give a flip
about public companies and what they make. I trade on price.
It is like a movie. The power of Cinema is the action,
stock market is price action. In a Cinema words just move the
action. Stock Market policies, debt, GDP, Unemployment,
Inflation, bankruptcies, etc.. move price over time.
Someone much smarter than I
Posted by ssaffer on 8th of May 2020 at 11:06 pm
Someone much smarter than I and a lot more years trading wrote this today: "If our analysis is correct, the Q2 and Q3 global economic data will be very distressing and likely prompt a continued downside price contraction in stock price levels and valuations. The disruption to the global economy has likely shaved 5% to 15% (or more) off total global GDP output for this year. Still, the US Fed and global central banks have poured more and more capital into the markets attempting to front-run this contraction in the global markets. We believe this “reprieve” in selling is likely temporary right now. The broader, longer-term, price cycle we've identified it still taking place and will likely prompt a deeper price bottom in the global markets before the end of 2020".
It is purely speculative but has some merit to it.
Logically I agree totally. But
Posted by tgo5043 on 8th of May 2020 at 11:16 pm
Logically I agree totally. But I follow price action and not logic because I’m not smarter then the market. I have stayed fully invested because the price action is bullish. Makes no sense but my account balance keeps growing.
I think we all agree.
Posted by ssaffer on 9th of May 2020 at 12:12 am
I think we all agree. Follow price. The post was not meant for actionable trades. Just information from ones POV. On 2/24 I was 100% in Cash and started buying back in to the market on 3/18. I dont give a flip about public companies and what they make. I trade on price. It is like a movie. The power of Cinema is the action, stock market is price action. In a Cinema words just move the action. Stock Market policies, debt, GDP, Unemployment, Inflation, bankruptcies, etc.. move price over time.
I think we all agree.
Posted by ssaffer on 9th of May 2020 at 12:12 am
I think we all agree. Follow price. The post was not meant for actionable trades. Just information from ones POV.
I think we all agree.
Posted by ssaffer on 9th of May 2020 at 12:12 am
I think we all agree. Follow price. The post was not meant for actionable trades. Just information from ones POV.