it seems clear to me that the basing process is in effect. We've seen the $110 test twice and I suspect we will see it one more time before the downtrend reverses. With a move of this magnitude downward from all-time highs, I would reasonably expect a triple bottom. If we see this, we are off to the races. For those of us, including Munger, who has been accumulating during this period of negativity, we will be rewarded in time. Bigly! $Alibaba(BABA)$