This chart is based purely on technicals from the crash in '87.
I'm amazed how consistently markets "mean revert".
With no consideration of fundamentals, I think the over extension is happening because of the over correction in '08.
No matter how you look at it though, the next crash will be bad regardless of when it happens.
I'm amazed how consistently markets "mean revert".
With no consideration of fundamentals, I think the over extension is happening because of the over correction in '08.
No matter how you look at it though, the next crash will be bad regardless of when it happens.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.