Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
zimmah
on 14/05/2014, 15:50:01 UTC
And it is rallying: 0.447 touched for the first time in 72 hours!

We've come (fallen) a long way if this is what constitutes a rally nowadays!

every rally has to start somewhere.

It will probably encounter some form of resistance around ~450, ~470 ~500, ~670 and of course ~1000 and ~1400 (and probably more price points) but it will eventually go pretty fast and it seems to be starting now. It will probably take a couple of week or even a month or two to fully develop though but all signs are pointing towards a forming rally.

And the top will most likely be somewhere between 5000 and 7000 or something indeed.