Summary
Written by Akhil Patel (Feb 28, published Mar 3), this email addresses the sharp COVID-19-related market falls in late February 2020. The Dow fell 12%+ from its Feb 12 peak near 30,000. Akhil contextualizes this as the mid-cycle pause predicted in the 2020 Flight Plan, which had flagged 2020 as a “panic year” in Gann’s Financial Timetable. He explains Gann’s price and time overbalance concepts and expects a bounce early the week of March 2.
Key Claims
- Dow peaked near 30,000 on Feb 12 and fell 12%+ by Feb 27; Nasdaq peaked Feb 19 (-16%), ASX peaked Feb 20. — confidence: high
- The 2020 Flight Plan forecast a panic year with lower tops and potential significant fall in H2 2020. — confidence: high
- 2020 is flagged as a “panic year” in Gann’s Financial Timetable. — confidence: high
- COVID-19 sell-off is the mid-cycle pullback — recessions at this stage tend to be mild and short-lived. — confidence: high
- Hyperbolic newspaper headlines (“Everyone will get the virus”) mark the end of declines, not the beginning. — confidence: high
- A bounce was expected around Monday March 2 based on 30-degree Gann time counts. — confidence: medium