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Re: Catpole post# 178912

Thursday, 06/08/2023 1:14:38 PM

Thursday, June 08, 2023 1:14:38 PM

Post# of 198915
Like I mentioned in an earlier post, I believe that's intentional. If they dump on bid and push us into the 03's, RSI would go oversold, so instead we're held in the .042-.0449 channel for a while. If you look at the chart over the past 3 years, this always happens following one of our teasers/climbs/uptrends. They drive the pps down, erase any/all gains from the teaser/climb/uptrend, and the RSI falls to just above oversold in the process. Once this happens, we spend several weeks in a tight channel until the next teaser, but they'll make sure the RSI rides just above Oversold during that time. Wash + Rinse + Repeat