Look at this comparison to 2014-2015. While the structure of the fractal looks a little drawn out, the percentages match up incredibly well.
I see so much fear in this market. And really, it's understandable. Over and over again, we break down, and break down again, and again. It has now reached a point where ideas posted to "Short" get way more attention and praise, than ideas posting to "Long". It's similar to 2017, we kept breaking up, and up, and up, and the concept of going down became unfathomable. People who posted "Short" ideas would get attacked by the crowd clamoring that the idea poster was spreading "FUD".
We could remain in this area for a long time. Maybe 6 months. Maybe one day. Who knows. But what we can clearly see when comparing 2014-2015 to 2017-2018, is that we have completed the same structure and fractal. If this market has potential for another rise, well, welcome to the accumulation zone. If you think the market is going to die, then... what are you doing here?
We have reached greed in regards to getting more downside. We have reached complete fear and lack of faith in any potential for upward momentum.
As for me, I'm accumulating. I have been for a while. And I will continue to all throughout 2019.
Best of luck.
I see so much fear in this market. And really, it's understandable. Over and over again, we break down, and break down again, and again. It has now reached a point where ideas posted to "Short" get way more attention and praise, than ideas posting to "Long". It's similar to 2017, we kept breaking up, and up, and up, and the concept of going down became unfathomable. People who posted "Short" ideas would get attacked by the crowd clamoring that the idea poster was spreading "FUD".
We could remain in this area for a long time. Maybe 6 months. Maybe one day. Who knows. But what we can clearly see when comparing 2014-2015 to 2017-2018, is that we have completed the same structure and fractal. If this market has potential for another rise, well, welcome to the accumulation zone. If you think the market is going to die, then... what are you doing here?
We have reached greed in regards to getting more downside. We have reached complete fear and lack of faith in any potential for upward momentum.
As for me, I'm accumulating. I have been for a while. And I will continue to all throughout 2019.
Best of luck.