3 ms·

This whole discussion is based on an indicator that people believe is yelling at us "the price of X is about to fall".

• Godel_unicode 7y ago
  There's always some indicator which yells that, I don't see any reason to believe this one over any of the other ones. There's been a consistent drumbeat since the end of the great recession that "the next big drop is coming, just look at this chart!". Spoiler alert, they were all wrong.
  • francisofascii 7y ago
    Most likely not wrong. Simply too early.
    • Godel_unicode 7y ago
      They were absolutely wrong. Their claim was that a specific line on a chart held deeper meaning, despite having no basis in science. They were totally incorrect. Don't let these charlatans off the hook, they largely have no idea how the market works.