Looking again at the total number of coronavirus cases, we can see that the graph continues to rise, both in numbers of cases and deaths. You may notice that this chart looks a little different than the last coronavirus analysis that I did. That's because I decided to switch the chart to a log view, since we are in a parabolic rise. The log view has fixed distances between percentages, as opposed to fixed distances between numbers. When numbers are rising so dramatically, it's good to use a logarithmic chart, so that the action isn't so dramatically distorted into a parabola.
We can see that there is a bit of a rounding effect being printed on both the number of cases and the number of deaths, which is partially why we're seeing a bounce in stocks and other assets. However, a similar rounding effect was seen during February. So, while it does appear that cases are slowing, we really can't be certain at this point.
Personally, I don't think these numbers are even remotely accurate, because I think there are most likely millions of cases that have gone unreported, simply due to the lack of testing, and the fact that many people who have been infected have probably hidden their infection, or otherwise chose not to disclose it. Think of how many people in the world "hate doctors." Think of how many people in the world don't want to mention their symptoms or get tested, because they don't want to lose work or miss out on getting paid. While those issues are certainly contributing factors, I think largest factor is most likely insufficient testing. However, these are the numbers we have. So, this is what we need to keep an eye on.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
We can see that there is a bit of a rounding effect being printed on both the number of cases and the number of deaths, which is partially why we're seeing a bounce in stocks and other assets. However, a similar rounding effect was seen during February. So, while it does appear that cases are slowing, we really can't be certain at this point.
Personally, I don't think these numbers are even remotely accurate, because I think there are most likely millions of cases that have gone unreported, simply due to the lack of testing, and the fact that many people who have been infected have probably hidden their infection, or otherwise chose not to disclose it. Think of how many people in the world "hate doctors." Think of how many people in the world don't want to mention their symptoms or get tested, because they don't want to lose work or miss out on getting paid. While those issues are certainly contributing factors, I think largest factor is most likely insufficient testing. However, these are the numbers we have. So, this is what we need to keep an eye on.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-