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Hi wavepicker

Yes I agree with you re being cautious atm but as I mentioned earlier I see our market (XJO) atm as basically about fair value (for the reasons I gave earlier) and if I had to put either a cheap or expensive bias on our market's value I would have to say imo the market's value is biased towards looking a little pricey overall.....bu that doesn't mean there isn't possibly a little more upside to come in the short term.

Re differentiating corrections from crashes, for me it's largely irrelevant as people will interpret the same given event on a chart differently......ie...whether someone uses a 10% or 15% benchmark doesn't really mean much to me.....and imo you would also have to specify a time frame for the drop to occur within for the drop to be defined as a crash or correction.

Obviously a 10-15% drop in say 12 months is not a crash (for me at least) but the same drop in say a few days or 1-2 weeks could be seen as a crash by some.....but at the end of the day I don't see what it matters as 10-15% drop is still the same no matter what you call it

cheers

bullmarket

<blockquote data-quote="bullmarket" data-source="post: 40816" data-attributes="member: 2453">Hi wavepickerYes I agree with you re being cautious atm but as I mentioned earlier I see our market (XJO) atm as basically about fair value (for the reasons I gave earlier) and if I had to put either a cheap or expensive bias on our market&#039;s value I would have to say imo the market&#039;s value is biased towards looking a little pricey overall.....bu that doesn&#039;t mean there isn&#039;t possibly a little more upside to come in the short term.Re differentiating corrections from crashes, for me it&#039;s largely irrelevant as people will interpret the same given event on a chart differently......ie...whether someone uses a 10% or 15% benchmark doesn&#039;t really mean much to me.....and imo you would also have to specify a time frame for the drop to occur within for the drop to be defined as a crash or correction.Obviously a 10-15% drop in say 12 months is not a crash (for me at least) but the same drop in say a few days or 1-2 weeks could be seen as a crash by some.....but at the end of the day I don&#039;t see what it matters as 10-15% drop is still the same no matter what you call it <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />cheersbullmarket <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /></blockquote>

[QUOTE="bullmarket, post: 40816, member: 2453"] Hi wavepicker Yes I agree with you re being cautious atm but as I mentioned earlier I see our market (XJO) atm as basically about fair value (for the reasons I gave earlier) and if I had to put either a cheap or expensive bias on our market's value I would have to say imo the market's value is biased towards looking a little pricey overall.....bu that doesn't mean there isn't possibly a little more upside to come in the short term. Re differentiating corrections from crashes, for me it's largely irrelevant as people will interpret the same given event on a chart differently......ie...whether someone uses a 10% or 15% benchmark doesn't really mean much to me.....and imo you would also have to specify a time frame for the drop to occur within for the drop to be defined as a crash or correction. Obviously a 10-15% drop in say 12 months is not a crash (for me at least) but the same drop in say a few days or 1-2 weeks could be seen as a crash by some.....but at the end of the day I don't see what it matters as 10-15% drop is still the same no matter what you call it :) cheers bullmarket :) [/QUOTE]

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