Re: Financial topics
Posted: Tue Jan 21, 2020 6:56 am
Moodys downgraded Hong Kong City from aa2 to aa3 which has had a negative effect upon Asian and European markets. I think today could be a SP 500 down day. Whether it is the beginning of a decline or a short consolidation remains to be seenrichard5za wrote:The trend on SP 500 is currently upwards with buyers firmly in control. I calculate R1 at about 3500 and this might well be reached. Lets see. But as you say it could go much higher if enough liquidity is pumped into the marketHiggenbotham wrote:When they lost control of it in August 2015, as noted here previously, I multiplied my account 30 fold in 6 weeks. When they regained control of it in October and moved it back up, I lost my entire winnings. My goal had been to multiply the account another 30 fold if it crashed in October.Higgenbotham wrote:If they lose control of it and it starts to ping pong, I think a good trader could multiply an account a thousand fold in a short time.
I am not a proper trader. I like a trend. The trend is my friend, so as to speak. But I can't bring myself to run with the SP 500 up trend for the present because it could turn nasty at any time soon