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DrStool

Reversal Night 3/24/20

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Customers must sell their gold, silver and platinum this week. Otherwise, ABN Amro will do that for them. ABN Amro customers will no longer be able to put their money into physical gold, silver or platinum
https://gefira.org/en/2020/03/24/abn-amro-customers-must-sell-their-gold/

https://www.trouw.nl/economie/klanten-van-abn-amro-moeten-hun-goud-verkopen~b668b850/

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This is the DAX chart I posted on March 13. It is easy to see which mega support level the lower 8000s region was. Exactly there was the low. We are already more than 20% off the lows.

 

DAXmonthly.png

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Regarding the 70s: The nominal low in 1974 was never seen again. The real life for normal americans became even hard after 74, the economy was in recession, social unrest, murder gangs and whatnot. But the nominal low was already behind us and was not even tested again.

That is what we do: We analyse and make our decisions based on NOMINAL price charts. We do NOT use inflation adjusted price charts. No chart service does this.

Furthermore we have to take into account that the 70s had to deal with two major external shocks: First the abortion of Bretton Woods and then the oil crisis. It took years for the global economies to adopt and deal with it. During all that time the nominal price low of 1974 was never seen again, it got not even tested.

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DAX at 10020 right after the open, then dropped immediately 100 points.

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So there we have it again: Everyone who told their family and friends to be very careful with stocks and to wait first for a bottom to built before buying stocks again is now the PERSONIFIED LIVING ASSHOLE, the biggest idiot who ever lived on this planet. Keenly looking forward to those telephone calls in the days to come... <_<:wacko::unsure:

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ES

we are still in downtrend

 

sold all longs. 

flat. 

IMG_20200325_101409.jpg

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SiP,

the downtrend is broken now. Trading above the Mar20 swing high now, so making higher highs. Also trading above the EMA200 hourly (currently at 2470) now.

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Absolutely catastrophic business climate figures of Gernan ifo institute. Even worse than already expevted.

DAX did just drop below 9800

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OMG the pictures from NYC! Corona hits the populace there full force! It is a total mess, absilute mayhem and chaos beyond comprehrnsion. Those poor souls, my goodness! 

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2 hours ago, fxfox said:

This is the DAX chart I posted on March 13. It is easy to see which mega support level the lower 8000s region was. Exactly there was the low. We are already more than 20% off the lows.

 

DAXmonthly.png

New bull market. 

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