That remains a possibility. But it is looking more likely that it would need an adverse event or two to step it down further to 4k levels. And yes anyone would prefer 5x over 3x. The point is whether to choose a guaranteed 3x or a riskier 5x and end up with 2x or worse? But I won't quibble much with a strategy that goes for a big gain by waiting for 4k levels, but it may require more watching and diligence.