so he thinks we going down to 3k and that is an entry point to start bull run?
He's saying $3,000 (or the 200-week MA) is
the nearest support. I'd expect a rebound there and it
might be the bottom.
His comment was pretty open-ended regarding price targets. He left open the possibility of lower, noting that touching the $1,200 level = the long term bull trend is dead. I think he's saying the correction will last through 2019, which makes sense based on the 2014-2015 model.