20-10-2023, 09:50 AM
(20-10-2023, 09:40 AM)sgbuffett Wrote: I have closed off all my short positions this morning.
I spoke tk an experience trader and he said China ja likely tk announce stimulus this weekend based on the schedule of meetings of party officials and economic committes assigned by the China govt.
The size of stimulus may not be massive but sufficient to hit growth targets.
Also the forex market USD retreated vs Yuan.
Despite sharp fall Dow and nasdaq China markets will ho up not down...contrary to what average traders thinking.
Well done this time u will be correct