Topic: Alert - Perhaps the first, and largest, capitulation is at hand (Read 875 times)
$120 is long gone. I just wonder what level to sell again at so I can buy as they hit bottom.
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The technical support at $120 is relatively strong, both as a numerical point for building bid walls and as a historically stable price point. Consequently, I believe the first and greatest capitulation of this bubble will occur as the price drops below this support. To the degree that this bubble follows the pattern set by the June 2011 bubble, expect this capitulation to be the largest, and to go deeper than most expect.
This expected capitulation is not the bottom.
The technical support at $120 is relatively strong, both as a numerical point for building bid walls and as a historically stable price point. Consequently, I believe the first and greatest capitulation of this bubble will occur as the price drops below this support. To the degree that this bubble follows the pattern set by the June 2011 bubble, expect this capitulation to be the largest, and to go deeper than most expect.
This expected capitulation is not the bottom.
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