Updated

The 4 Stages of a Financial Bubble

This time it's completely different.

Note

fear is the mindkiller

Note

We are into capitulation territory now. Do not expect any easy trades for the rest of the year. Bias is short.

If this cycle plays out like past cycles, look for short setups confirmed by indicator and volume divergences at the 0.5, 0.618, 0.7, and 0.88 pullback fib levels.

Note

"An individual in a crowd is a grain of sand amid other grains of sand, which the wind stirs up at will."
-G. Le Bon

Note

The 7 stages of grief:

1 - Shock and denial
2 - Pain and guilt
3 - Anger and bargaining
4 - Depression
5 - The upward turn
6 - Reconstruction and working through
7 - Acceptance and hope

Note

My friends, welcome to the capitulation phase of the market. Notice how it sounds, how it looks, and how it feels.

Note

yes, that was the bottom

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