don't get me wrong i want a crash so i can buy cheap, but even if the dow lost 15% overnight it would still be at a healthy level in terms of a 7% avg over time
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don't get me wrong i want a crash so i can buy cheap, but even if the dow lost 15% overnight it would still be at a healthy level in terms of a 7% avg over time
sure, but what we have witnessed in february (-12%) has most likely just been the beginning, you rarly find a retracement that falls just once, typically you have an abc correction.
I'm making sure that I'm ready to buy in at march/april because based on EW I really expect that the early febraury dip has just been an anncouncement of something bigger.
If it plays out this way I hope you are setting your buy orders and I wish you massiv profits! :-)
Btw: if you count the large trend waves, we will face a final bull run (wave 5) after this crash which will go on until around 2020-2022, and then (according to EW) it is doomsday since we have never witnessed a correction of this degree of trend. Some analysts are already predicting WW3 based on this.