Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
minerpumpkin
on 24/07/2014, 12:12:26 UTC
It looks like we broke that long term exponential channel.

very bad then? hasnt that happened before past bubbles?

Who knows - I would bet at least on a quick, but rather deep flash crash.

It happened in 2011 - but on a strong down trend - so it resulted in an even stronger down move.

Indeed, recoil time! The spring is being pushed in to the max!

What if it breaks?  Huh  Cry
What are the generally accepted long term channels at the moment?