Michael Nadeau

Now we've come into like, I would say a closer where we're like one, I think we're one sort of like level off of where I would say fair value is now.

And because we're locally oversold, I do think that the probability is now pointing towards

a retracement rally, what I would be looking for there is like, it's actually going to set a lower high.

So it's not even going to be able to get to the 97 K that we got to last time.

It sets a, you know, a lower high, maybe it's 90 K. I don't know, but that's like, it's every time it does this, it's giving the weak hands a chance to like get out at slightly higher levels.

And this is why you get that like sort of bouncy ball action where you come down, you bounce up,

But you just can't get back to where you were previously because there's too many weak hands and the market structure is too lopsided.

And that just kind of goes on for a little while until you ultimately get to like where the selling activity has been exhausted in the market.

And that's a lot of instinct.

We're looking at a lot of this data to like, you know, identify that.

Um, but that's kind of where I'm at right now.

You know, if you're, if you're, you're not in this every, every day studying this and you're just, you just, you think like you want to hold this for 10 years, like these are probably great.

These are great levels.

Like you could probably just buy here and be fine.

So I think it's up to personal preferences.

What, what I, um, sort of anchor to myself is,

is that if you might be close to a really good buying opportunity, but if you drop another 20%, 25% or so, that can be pretty meaningful if you're going to allocate quite a bit and hold that for a long period of time.

So that can be meaningful.

But if you're not trying to play it cute, these are pretty decent entries, I would say, for long-term investors.

Yeah.