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| The classical scenario would be that the reds also form an agreement as the blues did before leading to the recent fall. As of now the reds are not converging. This just means that there is still time before the market caves in. However, this also doesn't mean that market will not fall another 20% by the time the red agreement starts to show up. After that, the market will fall another 25%. The 200 month MA is around 9500... the market can chase that. I wouldn't bet my money upwards, until the train stops. |
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