Re: Are we at the first sell off point now?.

Quote from: jackg on September 07, 2020, 07:11:42 PM

Just thought I'd remind myself how this goes and I reckon we're around the first sell off point or we'll be coming to that (we could still be up to half way along the initial rise and just entered the institutional phase). The mean I'd pick would probably be around $6000-8000

https://transportgeography.org/wp-content/uploads/stages_bubble-e1588097141686.png

I don't follow that kind of stuff, its better to follow the 4 stages of market cycles which is the accumulation stage, advancing stage, distribution stage, and declining stage. Right now I think we are on a distribution stage. But it doesn't mean that it will go to the declining stage automatically, the upward momentum may continue.