It looks like ascending triangle in making.
If it makes one more run for 460 it will clearly break out of downward channel, making case for more upside/new high.
The situation is somewhat reminiscent of 1929 bubble, where the money run away from Europe into USA for safety.
The day of reckoning is surely coming, the question is only when, markets can stay irrational longer than most investors can stay solvent ..
If it makes one more run for 460 it will clearly break out of downward channel, making case for more upside/new high.
The situation is somewhat reminiscent of 1929 bubble, where the money run away from Europe into USA for safety.
The day of reckoning is surely coming, the question is only when, markets can stay irrational longer than most investors can stay solvent ..
If you are one step ahead of the crowd you are a "genius" and you make money off the crowd, if you are two steps ahead you are a lunatic and you lose money not being able to sync with the crowd, if you are three steps ahead - better find a new planet :)
