Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Actually, LG, the mantra seems to have been "sell the EMA's", whether they be the 20 on the 60-minute or the 13 on the daily. The 200 on the 15-minute have been sold relentlessly this year.

If you look at the 9-day EMA on the daily, we've mostly been below that all year.

Since the March top, nearly every rally has been sold when it got to one of these numbers. The upper BB on the daily has not seen much price action lately, much like the lower BB did not see much price action on the way up in the bubble.

Cut the chart from 1995-present, divide it in half, and you'll see a mirror image. The image in the mirror should be scary for all LTBH folks.