Major Highs Cooking for Chinese Equities!
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📍 In this position, after clearing the knee-jerk reaction from covid flows we are starting to enter into chapter II, heavy protection. The flows have shown strength in drastic fashion; the apparently bottomless wallet of keynsian economics - suddenly showing a surprising amount of animation! You can see the impact of PBOC on Chinese Equities here:
...and now buyers had a simple win by testing the 2983 highs. The retrace idea was as follows; overprotecting a strategically important structure. The reward was to open up a retest of the support which was an all embracing struggle for the PBOC:
In the long run, the positional struggle from CB's will come down to a struggle between healthcare on one hand and restraining capitalism on the other. It is extremely important to strive for re-openings in sensible fashion since the virus is still in circulation and lusts to expand. Health crisis cannot be solved with throwing money at it... not enough time has elapsed so the Stan Erck pump and dump we are watching with Novavax is set to flop and sadly put the final nail in the coffin for Global Equities.
As usual thanks for keeping the feedback coming 👍 or 👎
...and now buyers had a simple win by testing the 2983 highs. The retrace idea was as follows; overprotecting a strategically important structure. The reward was to open up a retest of the support which was an all embracing struggle for the PBOC:
In the long run, the positional struggle from CB's will come down to a struggle between healthcare on one hand and restraining capitalism on the other. It is extremely important to strive for re-openings in sensible fashion since the virus is still in circulation and lusts to expand. Health crisis cannot be solved with throwing money at it... not enough time has elapsed so the Stan Erck pump and dump we are watching with Novavax is set to flop and sadly put the final nail in the coffin for Global Equities.
As usual thanks for keeping the feedback coming 👍 or 👎
Nota
Nota
Eyes on Chinese Equities this week...
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