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Thread: Black Monday

  1. #7891
    ShareTrader Legend bull....'s Avatar
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    stimulus picking up again

    ECB set to scale up stimulus as new data could indicate a need to do more


    https://www.cnbc.com/2020/06/03/ecb-...o-do-more.html

    china also started some QE this week all in all plenty of money printing worldwide happening and obviously it is flowing to a degree into equity markets.

    we picked the bounce point of the market pretty good from the march plunge

    heres a update of the long term chart from a posting earlier , mentioned on the thread about the previous low plunge was the area to watch for a bounce and panned out good. the only surprise being the size of the bounce and the short bear also the divergence in fundamentals from reality due to money printing. abc is the correction wave in the elliot wave count.
    NZX showed similar wave counts with the abc confirmed around 8600 level

    Attachment 11644

    most of my interest now is in US/aus as trading commissions are much lower ( zero in the US and under .11 or less in aus ) than NZ by a huge margin now. NZ is not a good trading market because of liquidity and commissions. it is good for income only really and has become small market for opportunities
    Last edited by bull....; 04-06-2020 at 06:07 AM.
    one step ahead of the herd

  2. #7892
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    The S&P 500 has returned 37.7% over the last 50 trading days, making it the benchmark index’s largest 50-day rally in history, according to LPL Financial.

  3. #7893
    Speedy Az winner69's Avatar
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    Quote Originally Posted by clip View Post
    The S&P 500 has returned 37.7% over the last 50 trading days, making it the benchmark index’s largest 50-day rally in history, according to LPL Financial.
    The markets are forward looking they say ...l.as one pundit puts it from today’s level looking forward to negative returns over the next 10 years on the S&P500


    Just as well that’s not today’s story.
    Last edited by winner69; 04-06-2020 at 07:17 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #7894
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    Crazy.....seem to be so disconnected with the current condition.

    Too many newbies buying ... ignoring the fundamentals of companies

    Next crash will be worst

  5. #7895
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    Don’t fight the Fed.

    And what did the doom merchants and short sellers do?

  6. #7896
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    Quote Originally Posted by King1212 View Post
    Crazy.....seem to be so disconnected with the current condition.

    Too many newbies buying ... ignoring the fundamentals of companies

    Next crash will be worst
    Just think of today and maybe tomorrow .....future don’t matter King
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #7897
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    I know master winner.....I am pretty scared now to buy and hold any shares

  8. #7898
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    And overnight news that the UK is struggling to reach a trade deal with the EEC ....good for NZ trade.

  9. #7899
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    Quote Originally Posted by Left field View Post
    And overnight news that the UK is struggling to reach a trade deal with the EEC ....good for NZ trade.
    https://www.stuff.co.nz/business/121...in-new-zealand

    And here’s S&P giving the thumbs up to prospects of economic recovery in NZ & 😳 lower than forecast unemployment.

  10. #7900
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    Quote Originally Posted by King1212 View Post
    I know master winner.....I am pretty scared now to buy and hold any shares
    Time to be bold when the King is scared.

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