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BrizYou sneaky [content moderated], lol.Really it never was...

  1. voltaire
    17,444 Posts.
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    25/01/10
    16:53
    Post #: 6244997
    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.
    XJO Value at posting: 137.50
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    lightbulb Created with Sketch.  Great analysis
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