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Downtrend?

You must be lost and not realise you’ve wandered over to the long term threads. A little change of perspective and you might just spot a century plus uptrend.

A counter-trend to the uptrend – perhaps I could concede that.

A little while ago breaking of the August lows was the signal for all the chart predictors to call for lower prices (and we may still get them) – but in watching the price action instead of trying to predict what’s next, I find its resilience here in the face of lots of gloom and a technical chart break that was seen as significant at the time (before it didn’t follow through) as interesting. But maybe I’m just searching out confirmation of my reasonable value at these levels bias.

Some significant buying against the prevailing mood must have occurred to have price return to the range - why would they do that if the only thing that matters is the "current" trend is down? Oh wait there- its because its technically oversold of course - that's why I bought.

<blockquote data-quote="craft" data-source="post: 896922" data-attributes="member: 16447">Downtrend?You must be lost and not realise you’ve wandered over to the long term threads.&nbsp; A little change of perspective and you might just spot a century plus uptrend.A counter-trend to the uptrend – perhaps I could concede that.<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />A little while ago breaking of the August lows was the signal for all the chart predictors to call for lower prices (and we may still get them) – but in watching the price action instead of trying to predict what’s next, I find its resilience here in the face of lots of gloom and a technical chart break that was seen as significant at the time (before it didn’t follow through) as interesting.&nbsp; But maybe I’m just searching out confirmation of my reasonable value at these levels bias. Some significant buying against the prevailing mood must have occurred to have price return to the range - why would they do that if the only thing that matters is the &quot;current&quot; trend is down? Oh wait there- its because its technically oversold of course - that&#039;s why I bought.<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite11" alt=":rolleyes:" title="Roll Eyes&nbsp; &nbsp; :rolleyes:" loading="lazy" data-shortname=":rolleyes:" /></blockquote>

[QUOTE="craft, post: 896922, member: 16447"] Downtrend? You must be lost and not realise you’ve wandered over to the long term threads. A little change of perspective and you might just spot a century plus uptrend. A counter-trend to the uptrend – perhaps I could concede that.:) A little while ago breaking of the August lows was the signal for all the chart predictors to call for lower prices (and we may still get them) – but in watching the price action instead of trying to predict what’s next, I find its resilience here in the face of lots of gloom and a technical chart break that was seen as significant at the time (before it didn’t follow through) as interesting. But maybe I’m just searching out confirmation of my reasonable value at these levels bias. Some significant buying against the prevailing mood must have occurred to have price return to the range - why would they do that if the only thing that matters is the "current" trend is down? Oh wait there- its because its technically oversold of course - that's why I bought.:rolleyes: [/QUOTE]

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