Everyone agrees that prices under 4,000 are rare chances
I don't agree with that, so it's not everyone.
If you're completely honest to yourself, and look at the market from a neutral point of view and not from an '
I want my bags to pump hopium view', you'll acknowledge that our long stay below the $4000 level is very much indicative of how people don't think buying at these levels is a rare opportunity.
In fact, most people expect even lower levels. On the other hand, people expecting lower levels tend to be wrong more frequently than right, so based on that, you could even consider this to be a bullish signal. Last year people were overly bullish, down we went. This year people are overly bearish, and now it's waiting for the next big move.
We're due for a massive break in the coming 15-20 days, so we'll see what we get. I hope it's green, but I'm prepared for red too.