when the market turns it won't be obvious and it won't just go up up up
we'll see a random walk with an upward drift, bottom will only be detectable weeks after the fact
i just don't see a massive capitional event declaring bottom, in the cards.
The really frightening part!
*capitulation
its not going to happen...
but if it does...
what price you think everyone will cut loose and traders pick it up?
i'm guessing ~180$
Good guess - my pick is 170-180 too.
But capitulation may not happen, I agree (as we may break the 'above old ATH' rule too).
In case of no capitulation I estimate somewhere between 280-320 will be the bottom.
There is always an extreme scenario of flash crash at 75-100 area and then stabilising somewhere between 180-290.
Oh well...
Show Posts
