Looking at all previous spikes which went above 0.5, when they came down, they always at least touched 0....
I wonder if that applies to this time round...
Anything can happen, but what I don't get is how two people can look at the same drawn chart and see two opposite things.
This is what i see:
In 2011, i see a sharp downturn from about 1.28 to 0.8, then upwards to eventually largest peak at around 1.87.
So, why a relatively small wiggle (so far) suggests to you that it has to go all the way to zero?
It can go to BETI at zero, which would be around 7300, but i don't see 100% probability of this in the chart.
My favorite scenario would be something rhyming with the 2011 chart:
Down to 8-8.5K, up to 12-13K, down again to 9.5-10K, then upwards to the moon (at or above 1.87, which likely to be 60-70K at that point).
This scenario would suggest that in interim both bulls and bears would be exhausted by the rapid turns.