Who Knows!

【Who Knows!】CLEC Investment Club Written date: May 16, 2019

Someone asked why I think the market has already stabilized.

First I want to say: who knows?

Before reading my explanation below, everyone should be mentally prepared: this is only an imagination and an intuition.

If someone can speak with absolute certainty in the market, that person must be a god or a fraud. I am not. So I can only say: possibly.

My feeling and judgment today come from the following reasons:

1. After the market fell, the rises over these past few days have not met selling pressure.

2. If anyone still wanted to sell stocks, then after yesterday's big rise and today's higher open, someone should have sold. But I did not see strong selling pressure. We said before that the market bottom is sold into existence. Since selling pressure is not heavy, it will not create a large pullback like the end of last year.

3. Today closed the previous gap from 5/13.

The above is what I saw in the market when I woke up this morning, and why my intuition judges that the chance of a large future market pullback is not high. But who knows what tomorrow will bring: a major earthquake, a tsunami, a U.S.-Iran war... :-)