Fix for previous guess. For those who wonder I base this on previous crashes similarities. This is purely out of the blue and keeping in mind some basic momentum conservation principles. Also, you will excuse my drawing as this is not really easy to express oneself with one's mouse...
Lousy drawing for lousy ideas
The idea is that we're finishing the penultimate decreasing wave of this bear market before attacking the last one that should pave the way for next (very) bull market.
Orders of magnitude straight out of my thoughts without anything really serious to back them up besides these lousy indicators that prove to be right after they've been wrong all over... I'm picking a chance by any other name:
this wave bottoms at around 650-720 (somewhere around end of jan) then up again till around 740-780 and down to about 450-550 (from mid-feb till mid-march) give or take probably up to 50-100, and suddenly the sky will appear brighter.
Alleluja...
Disclaimer: I ain't no trader.
Lousy drawing for lousy ideas
The idea is that we're finishing the penultimate decreasing wave of this bear market before attacking the last one that should pave the way for next (very) bull market.
Orders of magnitude straight out of my thoughts without anything really serious to back them up besides these lousy indicators that prove to be right after they've been wrong all over... I'm picking a chance by any other name:
this wave bottoms at around 650-720 (somewhere around end of jan) then up again till around 740-780 and down to about 450-550 (from mid-feb till mid-march) give or take probably up to 50-100, and suddenly the sky will appear brighter.
Alleluja...
Disclaimer: I ain't no trader.