A trader reflecting on market strategies and personal optimization.
trading
Sunday, 15 March 2020
NOW "It's a tug-o-war between:
=Super easy money, financial incentives, the low price of oil, and lower taxes vs. =Quarantines, corona containment, and damage to the global economy".
'The major trend is down. Oversold conditions are at record levels, though, and so a considerable rally could unfold. But I would expect a retest of the lows after that rally fades. The bulls are used to "V" bottoms for the last 7 or 8 years, but that may be changing finally. Wait for confirmed sell signals, and even then don't chase rallies.'