Posted On: 02/04/2016 7:01:54 PM
Post# of 22940
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Great post as always, Mysterium. The following sentence "jumped" out at me:
If you look at the $TPAC chart, you'll see that this band/MA has been providing support since at least October 2015. The short run during the first week of December started from the 20-day/middle Bollie and came back to it before the big run that went to .0069. By then, the 20-day had moved up accordingly and provided support when the early January pullback occurred. The pps did overshoot the 20-day by a little but quickly recovered and support of the pps resumed.
Just my $0.02.
Quote:
We bounced off of the middle bollinger band/MA20.
If you look at the $TPAC chart, you'll see that this band/MA has been providing support since at least October 2015. The short run during the first week of December started from the 20-day/middle Bollie and came back to it before the big run that went to .0069. By then, the 20-day had moved up accordingly and provided support when the early January pullback occurred. The pps did overshoot the 20-day by a little but quickly recovered and support of the pps resumed.
Just my $0.02.
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Courage is being scared to death, but saddling up anyway.--John Wayne (1907-1979)
