It is important to understand that this is a log chart. However, my retracements are a normalized linear interpretation of the logarithmic relative price movements.
50% normalized retracements of the log prices are roughly 9,000 in the mid-term and 1,000 in the longer-term
Please click on the chart to see the detailled view
2007: The Trillion Dollar Bear
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Note: CR is on vacation, and I will return on October 21st.
In December 2007, most analysts were still dramitically underestimating the
probably losses for...
9 hours ago