I found looking at a the last 15 years of data rather revealing.
Why?
-in this time there have been 3 major Drawdowns >50%
-each of these was followed by Drawdowns <33%
-vast majority of exchange is done at prices between 11 and 8.5 a Retracement may be in order?
-Might get ugly if it breaks the 2005 Trendline (lowest blue-line)
-Not sure what that equates to, interesting Rytthem of the cycle nevertheless.
Why?
-in this time there have been 3 major Drawdowns >50%
-each of these was followed by Drawdowns <33%
-vast majority of exchange is done at prices between 11 and 8.5 a Retracement may be in order?
-Might get ugly if it breaks the 2005 Trendline (lowest blue-line)
-Not sure what that equates to, interesting Rytthem of the cycle nevertheless.
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