XSO 0.14% 2,972.9 s&p/asx small ordinaries

I read an interesting post on another US forum recently in which...

  1. GC8
    1,890 Posts.
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    I read an interesting post on another US forum recently in which the poster provided many examples of bubbles over the last 40 years with the signal being the % above a 300EMA as follows:
    Sugar 1974 (160%) - falls 87% over 2 years;
    Gold 1980 (150%) - falls 69% over the following years and remained depressed for decades;
    Nasdaq 2000 (69%) - falls 84% over 3 years;
    AMZN 2000 (180%) - falls 95% over 2 years;
    QCom 2000 (323%) - falls 88% over 3 years;
    Canola Oil 2008 (67%) - falls 53% over the following years;
    Crude Oil 2008 (50%) -falls 70% in 9 months;
    Silver 2011 (85%) - falls 72% over the following years and is depressed today.

    Now Bitcoin (2017) is the highest off them all at (500%), so it's certainly appears to be the mother of all shorts.
 
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