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Tom McClellan, industry influencer, highlights that the current average drawdown for NDX stocks is 19.5 percent, which he characterizes as very normal and close to the 30-year average.
He adds that stocks tend to reach their highs at different times, suggesting that such drawdowns are common in the market.
McClellan has previously noted that full moon dates often coincide with turning points or acceleration in gold prices. He has also prompted investors to examine historical price movements after very low U.S. University of Michigan sentiment readings in stock markets. Both observations emphasize his focus on market timing patterns.