Briz
You sneaky [content moderated], lol.
Really it never was anything magical. It came from the days when there were no computers and you had to find some simple way of calculating stops.
All the same I think that in the 2003/7 period there were some amazing reversals where the market was so far down and yet it managed to eek its way back so as not to violate 2 close below that ma.
It didn't do it today, although I was starting to wonder.
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