3 replies to this topic

[LarryT]

While the pattern since the 2872 high has not negated the triangle formation it is getting close enough to be cautious. Still favoring the pattern since 2872 is a wave four off the 1810 low and 3200 is still in front of us. IF instead we do have a S.O.B. pattern price will instead quickly continue on down 1.618 target at 2258. so we wait and see which pattern is the truth.

 

LT...d:^)

[ryanoo]

Well, this guy is unteachable, but he still needs good advisors giving sound advices, then he kick them out and surround himself with garbages.  He should be fired.

[ryanoo]

Bloomberg writes .. "each side knows that it has more to lose than gain if the situation spirals out of control. Turning Trump's base into advocates for de-escalation and offering a few concessions on issues like technology transfer, automotive joint ventures and finance that Beijing had already been mooting seems like the perfect way to back off from these tensions." 

 

But would the damage in the stock market be already done though??

 

 

Cars($11.9B), soybeans ($13.8B), plastics($6.1B), tobacco($182M), sorghum($1.3B) and chemicals($2.8B). There's a canny political strategy buried in that list: The first three sectors are heavily concentrated in Midwestern states stretching from Ohio to Wisconsin that flipped from supporting Obama in the 2012 election to Trump in 2016. Tobacco and sorghum farms, too, tend to be in traditionally conservative areas of the South -- Texas, Virginia and North Carolina -- where Democrats have been making increasing inroads.

[EliottWave5]

I think it's quite evident that the China response was carefully calculated to deal maximum damage to Trump's base, in hopes of bringing him to the table rather than to play chicken with more.

 

As I understand it, though, these wouldn't be enacted for several months, so the idea that the damage is 'already done' seems unrealistic to me.  Could be a gap fill day with little movement.  The news is usually a fade, especially when it relates to someone like Trump. Wouldn't be surprised if Larry's triangle pattern asserts itself soon!  

Edited by EliottWave5, 04 April 2018 - 08:52 AM.