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Is Bitcoin a leading indicator of the Dow? Someone studied that and made this chart

00:01 - 30/01/18

 

The stock market has basically never been calmer than it is right now. The average true range of the Dow is currently 1.32%. It's never been this low

 

 

The most common chart patterns

 

 

The current consensus theory on US stocks is that you should own them even though they are expensive. Investors want to ride the wave to the end. However, this could be like riding the Japanese market in the late 1980s

 

 

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