^^^Well, based on comparison with 2011-2013 we are coming up shallower, but had a couple of sharp bumpletts already.
Most likely scenarios:
1. we are about to undergo a "phase transition" and go for a sharp local super-exponential peak OR
2. wiggle down to -1.2-1.25 before doing #1
Both scenarios would favor long positions, but wiggle down to $800-900 might be possible on ETF rejection, for example, which would be hopefully dismissed by the market.
jl2012 provides numbers for the all-time high, but I am curious, what would 1 or 1.5 peak look like in current numbers (1.87 might be too extreme).
Most likely scenarios:
1. we are about to undergo a "phase transition" and go for a sharp local super-exponential peak OR
2. wiggle down to -1.2-1.25 before doing #1
Both scenarios would favor long positions, but wiggle down to $800-900 might be possible on ETF rejection, for example, which would be hopefully dismissed by the market.
jl2012 provides numbers for the all-time high, but I am curious, what would 1 or 1.5 peak look like in current numbers (1.87 might be too extreme).
the formula for BETI = x is: 3166.72 * e ^ x. For x = 1, it's $8608
