First rate. Serious contemplation to be employed.
As a tulip student, I have wondered (as in awe) what psychological forces gripped our "intelligent" population in the fourth quarter of '98 to bounce up from a steep decline in the prior third quarter (bottom NAZ 1357)and ignore your chart's 15%-17% variance peak for another six quarters until a tardy peek was taken at the +21% figure in early '00.
All the way to 5132, for more than a trippler, amost quadruple.
So the question now is, in a different setting, after a three year decline and facing much different eco and geo factors, will "the market" (read greater fools) again ignore the recent +10% you show which has been a reliable indicator of a fall on all other occasions. The Zeevs and the Mlsofts (notably, as well as others) see and speak openly of a major decline. Others want to "see" a major (last 5 months)inverted H + S reversal formation, recently at the assumed critical neckline.
Blue, Augie, I say blue. The last two days have opened Pandora, if the contents weren't already known.
