Jesse Livermore quote
...“NEVER BUY A STOCK BECAUSE IT HAS HAD A BIG DECLINE FROM ITS PREVIOUS HIGH”...
Dow Gann Angle Chart: A pause is expected around $20,000 - $22,000. but below $18,000 no one is safe. After such a rapid and steep decline stock charts are broken every where. Repair will take a 6 months to 12 months (if economics improve), the next three months will be filled with margin selling and portfolio adjustments. The main point is the lows have not been found, and of course if the C19 virus disruption continues beyond 3 to 6 months then world GDP will be strangled down to deep recession levels and the stock markets will reflect this shock. In truth NO ONE KNOWS!
Stocks like StarBuks made fortunes for some, but now, massive run ups, have massive corrections.
Gold is acting as it should, nice 5 up, now a decent correction as expected.
Like gold margin selling is hurting bitcoin, gold, silver, and related stocks. A bottom will be found in the next 3 months and the new trends will be begin in bitcoin gold, silver and related stocks. Of course this depend on how low the wider risk on markets go and how fast.
Original Post: https://ift.tt/33ioaw8
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