By looking at the graph, I hope that the price goes down to 9500 again to form a double bottom so that we can escape from this bloody January and go bullish again. The change for this to happen is really high.
As expected, the price drops down to 9600 and bounce back, it is time to go bullish again. Put an end to the bloody January
I like this idea. I have also been leaning towards the double bottom idea. I think it would be good - I don’t want the market to drop too low and throw us into a long term bear market. And I’m with you- tired of the bloody January and all of the slow consolidations.
@hoang7276, yes- I know better now. Don’t know how I ignored the established January crash trend. I read about it and then forgot. I guess I figured with the Dec 22nd crash, the yearly crash came early and we would forego further drops. Guess I was wrong.