Solid analysis of volume+bid/ask, Wandererfromthenorth.
My reply was for the bolded parts of your reply.
Imo you read luc posts with a bit too strong bull classes. Luc could comment, but my interpretation from example H&S pattern that luc has showed also, is that luc thinks that new LL <166 is likely.
We could see capitulation <100 then upper weekly BB then "very fucking long silent phase" at middle weekly BB.
Hehe, I'm hardly bullish at the moment. The point I was trying to make was simply that luc's "big picture" analysis was first and foremost about saying "prepare yourself for a long period of stagnation", and less about another crash (so: not ruling that one out, but not stressing it either) - but maybe I misunderstood luc. Anyway, I see it the way like damiano said above: the really painful part could be the stagnation to come, not further sharp price decline. /shrug