The bounce-back today has absolutely no indication of where the market is going.

Objective Truth:

#1 Points mean almost nothing, only percentages.

#2 The market MAY continue to rise due to people believing the virus is nothing, or it may continue to fall. There is absolutely no telling where it will go in the next few days.

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#3 There is a big, big difference between a bounce-back and trends. Every plummet has a bounce-back generally with the angle of incidence equaling the angle of reflection. Bounce-backs are frequently profit-taking. Many analysts are calling this a dead-cat bounce:

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www.ccn.com/the-dow-is-surging-but-analysts-warn-its-just-a-dead-cat-bounce/

#4 The bounce-back is absolutely no indication of a short-term or long-term trend.

 

 

AC

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.

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