Post
Topic
Board Speculation
Re: Weekly MACD to turn green on next candle
by
MatTheCat
on 12/06/2014, 11:55:18 UTC

I think it's entirely possible we could flash crash down as low as 420 within the next 2-3 weeks, ending the week of the crash above 540.  It's also possible we could stay flat for 2-3 weeks.  Either way, when we break above 685, we're on our way to a new ATH.  I expect to revisit the last ATH in about 7 weeks, and be at our new ATH about 4 weeks after that.


You think that the market could handle going down to $420 and then charge right back up to a new ATH? If we go down to $420, then we will be looking for a new ATL for 2014.