"...Bubbles start- with a circle"
I underestimated how much attention this chart would get in just two days with 1008 views to date. Thought I should give at bit of explanation to make it less flippant. Someone in the chatbox mentioned the "235 day bubble cycle" which I'd never heard of. In fact, I'd never done any analysis of the entire daily chart, but that conversation got me thinking that I should. What I discovered is that (so far) the duration of subsequent bubbles have added approximately 40 days to their length with each iteration. 37 additional days for the second bubble, 40 days for the third... and here we are anticipating the fourth. If we take the durration of the previous bubble and give it 40 days that lands us on the launching pad 8/9/14.
The quip about bubbles starting with a circle is a nod to the RMI indicator. Each instance (save for the first) has shown a short sustained fakeout momentum cross above 80 (small green hump), followed by the real deal bubble (elongated green hump). Each "real deal" cross on the RMI is circled. It's worth noting that this was also preceded by a sharp dip... which we're watching for now. You'll notice there's a circle at the end there waiting for a bubble to fill it.
I underestimated how much attention this chart would get in just two days with 1008 views to date. Thought I should give at bit of explanation to make it less flippant. Someone in the chatbox mentioned the "235 day bubble cycle" which I'd never heard of. In fact, I'd never done any analysis of the entire daily chart, but that conversation got me thinking that I should. What I discovered is that (so far) the duration of subsequent bubbles have added approximately 40 days to their length with each iteration. 37 additional days for the second bubble, 40 days for the third... and here we are anticipating the fourth. If we take the durration of the previous bubble and give it 40 days that lands us on the launching pad 8/9/14.
The quip about bubbles starting with a circle is a nod to the RMI indicator. Each instance (save for the first) has shown a short sustained fakeout momentum cross above 80 (small green hump), followed by the real deal bubble (elongated green hump). Each "real deal" cross on the RMI is circled. It's worth noting that this was also preceded by a sharp dip... which we're watching for now. You'll notice there's a circle at the end there waiting for a bubble to fill it.