doesn't look like it.

it's pretty well understood that parabolic trends end with blow-off tops. that means a very steep rise followed by a swift crash. take a look at the bubble at the end of 2013. when the market finally topped, we dropped ~54% in three days ($1175 to $538). for comparison, we have just dropped ~17% from top to bottom in the last three days.

this looks like just another typical correction. with any luck, we can shake the trees a bit and fill my bids far below here.