/biz/ - Business & Finance

Sorry for doublepost I made this a thread but didn't get any replies fortified with TA or serious fundamental discussion.

If you compare the GDP trend versus the Equities market (I'm Australian so am using Australian GDP and ASX 200) you will notice a considerably strong linear trend. This trend would suggest we are at the bottom of a rubberband of an exploded bubble comparable to .com & 08, but not necessarily at the bottom of the factors of Coronavirus. I was very bearish until now but now I'm not so sure. The wobbly black line accompanied with a trend line is the GDP, I just made the bottom equal whatever the ASX was somewhere not-so-deep into the dot com bubble and seen if there was any correlation.

Where do you think the bottom is / was in your country anon?

Nevermind the positions, this is a demo account...

I'll kick the thread off with some novice TA.

If you compare the GDP trend versus the Equities market (I'm Australian so am using Australian GDP and ASX 200) you will notice a considerably strong linear trend. This trend would suggest we are at the bottom of a rubberband of an exploded bubble comparable to .com & 08, but not necessarily at the bottom of the factors of Coronavirus. I was very bearish until now but now I'm not so sure.

Where do you think the bottom is / was in your country anon?

Nevermind the positions, this is a demo account...