Its still on the fifty day moving average ? Breakdown from there could be the caution the markets worried about technically .
I dont have any indication this is to change stt .
We could put in schools of thought that sideways trend will occur for a continuation of trend . Its a pivot point though in the battle thats for sure .
Lets say its just the beginning of the curve back to trend if it plays that way and its just distribution of profit curve perhaps?
All i have is sell signals technically but we have had them before stt . Its pivot point area for different methods . Happens at the top also of the waves . The crest breaks .
How accurate a chart is to this depends . Fibonacci ratio of rabbits would say the ratios get longer so i dont know this or others much but peaks and troughs will be longer also in the trend .
Just thoughts on it chart wise .
MRM Price at posting:
40.5¢ Sentiment: None Disclosure: Held
