I like this thread. I also like drawing arbitrary lines on charts so I'm throwing this in the mix.
I think the pirate incident created some false lows, so I've moved the line a bit from the original one EM posted.
Based on nothing more than a gut feeling that it seems a bit like 2011, as others have observed, I've replicated a rough projection of the angle of attack and descent, which just happens to be a right angle (well close enough that I can shoehorn one in... if you squint a bit heheh)
So plugging all of this into the patented sgbettojector, shown here as some nice blue dashed lines, gives the end of march, and a low of just under $200.
So convincing is my analysis, that I'll be ignoring it entirely, and holding tight. I can handle riding out an ~80% decline (again) as this will at least guarantee that I won't lock in losses by trading badly.
I'm really good at that (trading badly). Which is probably another reason why this chart needs serving with a good pinch of salt
I think the pirate incident created some false lows, so I've moved the line a bit from the original one EM posted.
Based on nothing more than a gut feeling that it seems a bit like 2011, as others have observed, I've replicated a rough projection of the angle of attack and descent, which just happens to be a right angle (well close enough that I can shoehorn one in... if you squint a bit heheh)
So plugging all of this into the patented sgbettojector, shown here as some nice blue dashed lines, gives the end of march, and a low of just under $200.
So convincing is my analysis, that I'll be ignoring it entirely, and holding tight. I can handle riding out an ~80% decline (again) as this will at least guarantee that I won't lock in losses by trading badly.
I'm really good at that (trading badly). Which is probably another reason why this chart needs serving with a good pinch of salt