This time it's different™ — or is the old bear still in charge?
Yeah, yeah, I know all the reasons why things are different now, and we did actually bust this fork already, but you'll have to forgive me for not reading the exact same signs that have proceeded the bear market waterfalls for almost 2 years now.
I've been using this same damn chart for too long. I'm sure it's invalidated by a bunch of stuff, but that stubborn 200MA has been the harbinger of many a selloff. Yes we got above it for a bit, but then promptly fell right thru hard. Judging by history, we're just rounding our first dead cat bounce...
We could have a date with $125 soon. would be a nice clean return to the median of this old fork and the historic floor right before the Nov 2014 bubble rally.
I've been using this same damn chart for too long. I'm sure it's invalidated by a bunch of stuff, but that stubborn 200MA has been the harbinger of many a selloff. Yes we got above it for a bit, but then promptly fell right thru hard. Judging by history, we're just rounding our first dead cat bounce...
We could have a date with $125 soon. would be a nice clean return to the median of this old fork and the historic floor right before the Nov 2014 bubble rally.
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