Ask Al Brooks: Depression? Recession? Where are we heading?

Originally published on www.BrooksTradingCourse.com on April 4, 2020

Q: Depression? Recession? Where are we heading?

Al Brooks comments on the developing coronavirus pandemic effects. "The market is going lower. Remember I said on the 60-minute chart [last week] that I thought we had to go lower. I thought we really needed to get to this low or a little bit below, and maybe to this low, before we get an attempt at a Major Trend Reversal.

I also talked about Friday’s unemployment report [today is Wednesday]. Who cares, right? It’s going to be crummy, so nobody is going to pay any attention to it. Everybody knows it’s going to be bad... ...

Read the full transcript at:
https://www.brookstradingcourse.com/a...

------------------------------------------------------------------------------------------------------------------------
Brooks Trading Course website:
https://www.brookstradingcourse.com/b...

Ask Al extracts are selected from Al's daily trading room Q&A session at end of the trading day. You can find more information on the trading room at https://www.brookspriceaction.com/ where a free 2-day pass is available.
------------------------------------------------------------------------------------------------------------------------
Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
------------------------------------------------------------------------------------------------------------------------