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Some time has passed since I wrote a more lengthy article, but not nearly as long a time as this gruelling bear market in cryptos – now 12 months long, and counting. So, in this article I’d like to rewind the clock a bit.
When we first saw our bull market top in cryptos, I did not fully expect a long bear market such as we’ve seen. While the March breakdown confirmed in my mind that the $3000 to $4700 zone would be visited again, I did not think it would take this long.
(more…)I’d like to point out a terribly well-formed head and shoulders pattern in Philip Morris International:
What a totally BIZARRE day for me. I am, as most of you know, in the thick of a trip with a lot of traveling, so I was “offline” about 90% of the trading day. Such a circumstance is very painful for me, and one which I try to avoid, but on the heels of a 35%+ quarter, I gave myself a little leeway. Anyway, here’s kind of how things played out over the past thirty hours:
(more…)
