The TitanicHey all,
ARKK has crashed; the broader equity market is starting to follow it. For new traders, I think you all should look back at the Nasdaq in 2000 to take notice of the similarities between the two. Assuming this is a repeat of 2000, we've got another leg down ahead of us, but that would likely lead us to the bottom of this bear market(Mind you, it took roughly 18 years to reclaim highs from the dotcom bubble burst). Though I am expecting the downside to be pressed 'til year-end, this thing won't go down forever. Looking forward, if ARKK makes a leg down similar to the one I have drawn out and similar to the Nasdaq in 2000, I will likely be aggressively sizing in on the dip expecting a bottom to be put in and a strong bounce off the bottom to occur. Moreover, as this sector topped out before other sectors(such as value & agriculture), I would not be surprised in the least bit if this sector bottoms first.
