yes it takes time for long term moving averages to roll over,
tops are much more difficult to pick than bottoms and topping is a
process, bottoming is generally not, the psychology is
different.
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yes it takes time for
For all who believe in past history repeating itself look at weekly charts in mid to late 2007. It took a LOT to kill that bull and many bears perished although they were right in the long run.
Posted by matt on 26th of May 2014 at 02:34 pm
yes it takes time for long term moving averages to roll over, tops are much more difficult to pick than bottoms and topping is a process, bottoming is generally not, the psychology is different.