Friday, March 27, 2020 11:04:55 AM
Good point about the likelihood of COVID-19 forcing the completion of our data point. Something I have been considering is that the rally we've seen the last few days might have been portfolio managers pushing the market up for their quarterly bonuses which are based on performance. They've had a terrible time and wanted to offset this as best as they could.
Normally, over time I have noticed that often the last several days in a month have caused downward pressure on stocks because of their selling to lock in their performance numbers.
Although the market popped 20% up (traditional start of a bull market...lol)....another person noted that it was almost a fibonacci retrace level of 38% of a bear market.... in other words just a normal come back rally before the bear market comes back to haunt us....... :(
I hope our data point comes in the next days before the end of March.... :)
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