toknormal
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September 13, 2017, 12:27:42 PM


...but it is way too fucking early to smug about any such assertion based on our current circumstance, and whether confidence has been shaken or bears have taken control

Well we have a solid 7/30 Day SMA crossover and it looks like being an EMA one as well. We've only had 3 such crossovers this year - January, July and April - and in EACH case the market took us back to BELOW the previously established platform support, albeit temporarily. That would suggest that we're going to at least retest $2700 and possibly lower prior to further growth.

I'd say therefore it was prudent, not smug, to entertain the idea that bears will be in control for at least a while.