So we're charting weekly candles now. Guess the daily charts don't look similar enough anymore...
I've been saying the same thing pretty much over and over again since about May: I don't claim to know how long the correction/bubble deflation will take eventually, maybe it will as drawn out as in 2011,
but pretending the post-peak price development in 2013 is identical or nearly identical to 2011 is delusional.
There were, from day 1, substantial differences, and it didn't take a genius to see them.
Please note: that doesn't mean the correction is over. For all I know, we might go down again, to hit a new capitulation bottom. I'm not predicting the future here, I'm just stating the obvious (well, obvious to the unbiased observer): 2011 and 2013 look pretty different. How to interpret that is another matter.
Anyway, here's the updated chart. Still essentially the same, huh? /s