Since the beginning of July, I have been saying that we should be bullish. Many people believed it only in September and October when they saw the prices rise significantly, chasing the highs and then getting hit, and then coming over to question me, 'Aren't you bullish?' You should take a good look at when I started to be bullish. I was bullish after the significant drop due to the trade war conflict in early April, not after it doubled or tripled.

I think this recent adjustment is quite good; it teaches some people a lesson, isn't chasing after gains their favorite? Paying a bit more tuition will make them learn faster. Otherwise, without paying tuition, they think they've mastered everything and believe they are invincible.