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Re: TREND1 post# 16922

Wednesday, 06/27/2018 10:51:03 AM

Wednesday, June 27, 2018 10:51:03 AM

Post# of 26504
I have a much different view. In a LONG TERM DOWN TREND all resistance lines are subject to break downs if the company isn't a bankruptcy candidate and in a LONG TERM UP TREND all support lines are subject to break downs. I'd also argue that the longer term trend, as measured by time, was to the upside and that the intermediate term trend was confirmed when the wedge was broken and GBTC is now in a down trend. $9.60 gone. Volume increased. Support broken. Short to zero.

There's a sucker born every minute!

-Some Circus Dude

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