Yes, there are many people who have the same idea, but on the more people, the more I would worry, like buffett said:
"when others fear I greed, I panic is when others are greedy."
So let the market tell us. :)
Yeah " Warren" is the man, but I still think buyers will jump in around these level which can make the market go up and if there are not patient market will eventually wipe out all the buyers.
Keep an eye on the FED as the big fishes are waiting for that
Hi, nice charts! I agree with your second chart and think that we might get the scenario as depicted by your red arrow. The big correction which started in March is likely over since we broke the flag pattern, re-test now and then down for the next big bearish impulse...?? We'll see what happens, my view (count is probably wrong, still learning...):