Sunday, February 16, 2020

Coronavirus = A Black Swan event ?

On February 2, I posted the question whether Coronavirus or COVID-19 is going be a 'Black Swan' event. Looking at the development related to the virus and the drastic actions taken by the Chinese government and other countries so far, it doesn't appear to me that COVID-19 is a 'black swan' event. In fact, Dow closed its Wednesday trading with a new record high at 29,551.

Dow (29,398)

With the strong performance by the Dow, I have revised my wave count by assuming that the major wave 9 remains intact and will continue to zig-zag higher.


FBMKLCI (1,544)

KLCI is expected with its wave viii of (iii) formation.


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