Yes, the phrase sound familiar, it's from Warren Buffett.
Using technical analysis, i can relate to why he says that. (moving averages are too far apart)
US dollar index has been on jet fuel run since Bottom in May 2014.
The price has move parabolic since Mid August.
MACD keep making higher so as histogram until the last bullish candlestick before the DOJI.
At this point, i became very skeptical and impulsively place my short order at 86 and ready to be in loss until 87.
First potential target around 84.5-85 which will likely coincide with 20ema.
Bear in mind that i believe the price can still go higher after this round of correction, at least by then MACD will be giving a more convincing bearish divergence signal
Using technical analysis, i can relate to why he says that. (moving averages are too far apart)
US dollar index has been on jet fuel run since Bottom in May 2014.
The price has move parabolic since Mid August.
MACD keep making higher so as histogram until the last bullish candlestick before the DOJI.
At this point, i became very skeptical and impulsively place my short order at 86 and ready to be in loss until 87.
First potential target around 84.5-85 which will likely coincide with 20ema.
Bear in mind that i believe the price can still go higher after this round of correction, at least by then MACD will be giving a more convincing bearish divergence signal
Related Ideas
Anticipating a turn
jangseohee
about DXY