Fig 1 Trump calling on his supporters to fight on after surviving an assassination attempt ( photograph by Evan Vucci of Associated Press)
I was not shock when I learned about there was an assassination attempt on Trump, I was not surprised that Trump survived the attack. I was however surprised at how resilient he is after the attack. Not only that he was calm, but he was also defiant against the potential threat, immediately calling on his support to continue the fight to make America great again.
Not only that his support not frightened of what happened, they we concern about his safety and returned his call with the chant, " USA! USA! USA!"
Fig 1 is the photo of him demonstrating his powerful aura, which certainly become an instant icon in history.
The disastrous assassination attempt not only failed to stop Trump, it also manage to unite the whole Republican party rallying towards Trump.
Many believe that Trump will win the coming election, while I maintain reservation over the matter.
It is interesting to note that the Democrat is not idling neither, they strengthen their call for Biden to give up his pursue for second term.
Considering the low probability of success in overturning Trump's lead, why will they maintain the needs replace Biden?
This is unless they are confident that Trump will not win, no matter what.
This reminds me the last election when the race was so close. Yet even before the election day, Pelosi was so confident that Trump will not win re-election. How would she know, unless she was in control of the outcome?
IT further that there are multiple variables which reduce the transparency of the election, such as the use of Dominion system, mailing ballets and biased "volunteers" with BLM headband. To me, the integrity of the US election is in question.
The Democrats wants Biden to be removed simply because he is too far down in the opinion poll against Trump. They need to have replace him with one who is better in the opinion poll, they do not need the person to really chase up to Trump, but it has to be believable that he or she is popular with the people, and the election mechanism can do the rest.
If the Republicans is not able ensure transparency, it is a challenge for them to win.
So what was I doing for the last 3 weeks while all these were happening?
I was helping my son in bridge building.
It is a competition projection for his course of Civil Engineering.
The challenge is to build a bridge using sticks of not more than 3mm in diameter, the determinant factor is load efficiency, requiring the minimum bridge mass for maximum load level.
Fig 2. miniature bridge on test with up to 12.5Kg load
While checking with him on the progress of his project, I noted that his team has little experience in how to approach from Engineering standpoint, leading to my involvement giving him consultation, setting a target load weight to work on, and insistent on him testing every single concept he can derive to ensure it meets the specification.
During the process, I alerted him to focus on weakness of the design and go into details such as joints while maintaining as light a weight as possible for the bridge material selection.
Eventually, a bridge of mass 135g that takes up to a load mass of 48Kg, with load efficiency of around 365.
Ok, let's get back to charting. While the event was unfolding in USA, it was known that a fund manager Austin wealth Management loaded a short order of 12,000,000 Trump's Truth Media (DJT) shares the day prior to the day of the assassination.
It led to conspiracy that the Wealth Management knew about the assassination attempt and expected it to succeed.
So is this true?
Let's look at the chart.
Fig 3. DJT daily chart
Let's first look at the part of chart prior to the assassination, it was marginally up after a congestion following a fall. It was resisted by its 8-day moving average.
Considering that DJT fell from a peak of 56.54, corrected to 40.54 before continuation downward, I will also feel a higher change of DJT heading southward at the point of time. However, I may hesitate to short the counter as there are a few support levels especially at 24.84 from the Bollinger envelop, which was only a 6-point down. I would wait for another correction from this level before making decision.
The next question is: How do we know that the counter was on continuation regardless of the assassination?
DJT shot up to 46.20 from 30.89 on the first opening after the assassination, but plunged down there after, indicative of a strong tendency of downward movement. It also followed by multiple days of DJT failing to recover above the 55-day moving average after its descent.
DJT was with a gloomy trend with potential objective of between 11.26 to 22.44 prior to the assassination attempt. The shot up after the incident improved its stature, giving a higher objective of between 26.8 to 28.16.
In conclusion, I believe that Austin Wealth Management has no prior knowledge of the assassination, its intention to short the counter was mainly due to its bearish tendency. The incident on 13th July while tragic was a political influence, and based on what I have learned from my teacher, it will only have a temporary effect on the counter.
Labels: DJT, truth Media
