Quote from: romani245 on September 14, 2017, 11:05:33 PM

Quote from: Pruden on September 14, 2017, 09:32:43 PM

What did he mean by daylight savings? Is it about the date when the Summer Time ends (around 1 November)? What about it?

I think it was a bad translation. My basic takeaway: Low $3000s (down to $3000) is buy support. Below this level (and below the weekly 20MA) would be a major overlap. As an aside, such an overlap would be bearish from the perspective of Elliott Wave Theory. If $3000 holds, the bullish picture remains ($40,000+ by 2019), and this would just be considered another healthy correction.

Unfortunately, this sets up a "darkest before dawn" scenario. Testing the weekly 20MA is healthy. Overlapping is not. In this case, both scenarios are a stone's throw away from one another. It's an extremely binary scenario. One sets off the run to $6000s, the other sets off a prolonged bear market.

Thanks for the (I think correct) interpretation of the message from MasterLuc