While I don’t really understand technical analysis, nor do I fully Believe in it, I believe what I am showing is that the market is overvalued from a fundamental perspective and we are approaching the 2000 like bubble and the crash will be spectacular over the next 5-10 years. Past data can never be used to predict the future in a complex animal like the market but we may try
jangseohee
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@Hbhatti, well, you are also using past data to sound some warning right? "approaching the 2000 like bubble", what happen if this data is not there *_*
Hbhatti
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@jangseohee,
Well what I’m showing is on a fundamental level that the market is over priced; and historically when it is overpriced/bubble it will tend to fall. Historically it has done this; not basing it on technical analysis, but you can and say that it is approaching oversold levels