My followers know i don't look back before 2017 (actually not even before end of 2017) for reasons i have explained several times, you can also read it in this educational post i did a few months ago:
Reason why i am making this post, is because i got this question/comment many times and seeing it here on TV as well. The ones i saw, i did not really like, because most people were saying that the rally from 4k to 5k is the blue zone and not the orange zone that i am showing here. I believe, that if you really want to compare them, you need to look at more details and not just what fits your bearish or bullish view. IMO, what makes most sense should be the chosen.
Now i really don't like to compare these things like they are the same, because the market then is so much different than nowadays (as mentioned above). I think the biggest reason for seeing it like this, is the red resistance zone. It was a big one back then and it was a big one at 4200 now as well.
Funny to see actually, is that in 2015 it made the perfect retest of the red zone (current 4200ish level). Something i have talked about for a while now, that if we drop again to retest supports, that this will be the big question: Is the bear market over or not. A successful retest of 4000ish would be a big step towards this goal.
Reason why i am making this post, is because i got this question/comment many times and seeing it here on TV as well. The ones i saw, i did not really like, because most people were saying that the rally from 4k to 5k is the blue zone and not the orange zone that i am showing here. I believe, that if you really want to compare them, you need to look at more details and not just what fits your bearish or bullish view. IMO, what makes most sense should be the chosen.
Now i really don't like to compare these things like they are the same, because the market then is so much different than nowadays (as mentioned above). I think the biggest reason for seeing it like this, is the red resistance zone. It was a big one back then and it was a big one at 4200 now as well.
Funny to see actually, is that in 2015 it made the perfect retest of the red zone (current 4200ish level). Something i have talked about for a while now, that if we drop again to retest supports, that this will be the big question: Is the bear market over or not. A successful retest of 4000ish would be a big step towards this goal.
