Quote from: Ultros on April 28, 2014, 11:07:36 PM

Quote from: TERA on April 28, 2014, 10:52:16 PM

No there is not going to be an ATH this year. We escaped from that type of trend a couple months ago. There may a large rally into the existing trading range, almost to ATH, but not a new ATH till the year after that.

You're very welcome to share the arguments/TAs supporting those claims. I'm genuinely interested.

Weekly chart features RSI divergence, negative EMA cross, and imminent journey underneath the ichimoku cloud. None of these things have happened since 2011. Also, EW traders have used EW to show that the trend is over. Now look at a chart on any timeframe and look at the ugly arrangements of candles, specifically the downwards spikes which have immediate follow through spikes that go even lower but on lower volume - do these appear like charts that occur during a bull market? I have never seen anything like this, even in april 2013. I think there is a long journey ahead of us to get out of and then recover from this type of bear market. Last time there was a recovery from a downtrend on such large timescales, it took 2 bull runs just to recover back within the range to get to ATH. Then finally the 3rd bull run broke ATH.