2020-06-05

DOW JONES

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
I ASKED MY SELF ABOUT THIS RECOVERY IN STOCK MARKETS , SOME PEOPLE SAYING THAT RECOVERY IS WAVE TWO, BUT IM SURPRISINGLY HOW NASDAQ 100AND COMPSITE TOUCHED RECORD AND HOW THE SYCLICAL STOCKS  AT NEW TIME HIGHS TOO THEN WE SAY THAT WE ARE IN WAVE TWO, AS FOR ME IT DOSNT MAKE SENSE, IN ADDITION,  WHEN THE SECOND WAVE IS ZIGZAG IT MOVE INTO  THE AREA OF THE SECOND WAVE OF LESSER DEGREE (24680-27100 RANGE) BUT IN FACT DOW EXEEDED THAT RANGE TODAY,  ALSO AS WE KNOW INDICES LIKE NASDAQ AND SP500 AND DOW ARE POSITIVE CORRELATED , AND NOW NASDAQ LEAD THE WAY, I DO THINK  AFTER THIS DATA IT IS DIFFUICULT TO SAY WE ARE IN SECOND WAVE