Ninjastic
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Post
Topic
Board Speculation
Re: Weekly MACD to turn green on next candle
by
Raystonn
on 21/08/2014, 03:52:40 UTC
Quote from: Raystonn on June 12, 2014, 05:37:48 PM
Quote from: MatTheCat on June 12, 2014, 11:55:18 AM
Quote from: Raystonn on June 12, 2014, 01:00:21 AM

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.

A price change of similar magnitude happened the week of 9/25/2013, after the weekly MACD turned green.  It was the ultimate bear trap before the big rise.  It sounds like such price action would likely pull you into the bear trap.


I was completely wrong on the timeframe.  We've been moving in slow motion up to this point.  Change "weeks" to "months" and it was about right up to this point.  I don't think it will be long before the next ATH.