Meaning?...skipping all the e-wave jargon...we are NOT in a Bear market as yet...we will not crash...we will not rise to 36,000...we are going to be locked in a broad MASSIVE prolonged horizontal trading range for several years...and ironically the very people who are now callng for and predicting a decline are fueling its rise...
Consider also: we can... and most likely will... move down to DOW7200 and STILL merely be completing a Wave 4 pattern before turning up again.
I've been asking people to "explain"(defend?) the daily QLD to QID ratio and no one is addressing this off-the-wall, insane, fcking imbalance. At worst it should be a 1:3 ratio.
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