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A Dip To Buy?


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#1 redfoliage2

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Posted 28 January 2020 - 08:47 AM

ST down cycle now near the end thanks to the overblown panic of coronavirus by the Chinese government.  Why I see it's overblown?  It's just like another flu and more people got flu at the same time.  Fatality rate not higher than from flu and 90% deaths happened on the patients with an age above 60.....................  

 

"Influenza has already sickened at least 13 million Americans this winter, hospitalizing 120,000 and killing 6,600, according to the CDC. And flu season hasn’t even peaked. In a bad year, the flu kills up to 61,000 Americans.

Worldwide, the flu causes up to 5 million cases of severe illness worldwide and kills up to 650,000 people every year, according to the World Health Organization."


Edited by redfoliage2, 28 January 2020 - 08:50 AM.


#2 12SPX

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Posted 28 January 2020 - 08:49 AM

Was just a reason to take some profits I think but pretty sure volatility will remain for awhile now!!  



#3 redfoliage2

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Posted 28 January 2020 - 10:15 AM

My intraday NYMO just made a reversal on the ST down cycle...........



#4 redfoliage2

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Posted 28 January 2020 - 11:04 AM

If by the close today this internals reversal holds the ST down cycle is finished; but if it does not hold then need a few more days for the down cycle .................


Edited by redfoliage2, 28 January 2020 - 11:10 AM.


#5 redfoliage2

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Posted 29 January 2020 - 12:02 PM

Looking at today's data there is a 50/50 chance that the market may have to retest the ST low.  I just took profit and went all cash now ................


Edited by redfoliage2, 29 January 2020 - 12:03 PM.


#6 tradesurfer

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Posted 29 January 2020 - 01:20 PM

do you see a crash developing here redfoliage, or 3215 on SPX

 

Starbucks closes HALF its stores in China.... geez 

 

3215 would be a full bearish engulfing of previous two candles


Edited by tradesurfer, 29 January 2020 - 01:21 PM.


#7 redfoliage2

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Posted 29 January 2020 - 04:41 PM

do you see a crash developing here redfoliage, or 3215 on SPX

 

Starbucks closes HALF its stores in China.... geez 

 

3215 would be a full bearish engulfing of previous two candles

 

do you see a crash developing here redfoliage, or 3215 on SPX

 

Starbucks closes HALF its stores in China.... geez 

 

3215 would be a full bearish engulfing of previous two candles

 

Let's see how the recent low is to be retested - it looks that's what they want to do .....................



#8 redfoliage2

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Posted 30 January 2020 - 11:56 AM

Can they get the re-test of the low done today???



#9 redfoliage2

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Posted 30 January 2020 - 02:39 PM

ST down cycle now near the end thanks to the overblown panic of coronavirus by the Chinese government.  Why I see it's overblown?  It's just like another flu and more people got flu at the same time.  Fatality rate not higher than from flu and 90% deaths happened on the patients with an age above 60.....................  

 

"Influenza has already sickened at least 13 million Americans this winter, hospitalizing 120,000 and killing 6,600, according to the CDC. And flu season hasn’t even peaked. In a bad year, the flu kills up to 61,000 Americans.

Worldwide, the flu causes up to 5 million cases of severe illness worldwide and kills up to 650,000 people every year, according to the World Health Organization."

 

Just heard a rumor that the WHO Emergency Committee reconvened today and ruled again that the coronavirus outbreak in China does not constitute a Public Health Emergency of International Concern (PHEIC). 

I still think it's just a new kind of flu, but overblown by the incapable Chinese government.


Edited by redfoliage2, 30 January 2020 - 02:39 PM.


#10 redfoliage2

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Posted 30 January 2020 - 02:52 PM

 

ST down cycle now near the end thanks to the overblown panic of coronavirus by the Chinese government.  Why I see it's overblown?  It's just like another flu and more people got flu at the same time.  Fatality rate not higher than from flu and 90% deaths happened on the patients with an age above 60.....................  

 

"Influenza has already sickened at least 13 million Americans this winter, hospitalizing 120,000 and killing 6,600, according to the CDC. And flu season hasn’t even peaked. In a bad year, the flu kills up to 61,000 Americans.

Worldwide, the flu causes up to 5 million cases of severe illness worldwide and kills up to 650,000 people every year, according to the World Health Organization."

 

Just heard a rumor that the WHO Emergency Committee reconvened today and ruled again that the coronavirus outbreak in China does not constitute a Public Health Emergency of International Concern (PHEIC). 

It's just a new kind of flu, but overblown by the incapable Chinese government.  It's an over-reaction to lockdown cities:  Only a person who can die from a flu can be killed by this virus.  Did governments lockdown cities every year during the flu season?