is fibonnaci freak and all its peaks correspond to fibonnaci sequences. maybe the big guys are using such algos. the chart is self explanatory and what i feel is that rally is going to be left for retail traders the professional traders are going to enter horizontal distribution phase before another final dump
Blockchain Developer Bootcamp: Switch to be a blockchain developer and build DAPP on Solidity and Java Script Masterclass: Engineering with Ethereum Instructed by Aurélien Nicolas. Get from zero to master with a full hands-on […]
zerohedge.com / by Michael Lebowitz via 720Global.com / Apr 19, 2017 5:50 PM
Passive Negligence Part II
Almost a year ago, we stumbled upon a topic that is currently generating much discussion in the financial media. In , published August 2016, we highlighted the Campbell Soup Company (CPB) and the utility sector to show how yield-starved investors were chasing dividend stocks to dangerously high valuations. The following quote from the article highlights the risk inherent in CPB’s valuation: “This concept of a no-growth company with soaring valuations is alarming. The price of CPB would have to drop 30% to return to its post-recession average P/E. If that were to occur, it would take 16 years’ worth of dividend payments to recoup the price loss, assuming dividends remain stable”.
Square Cash Quietly Reveals It’s Avoiding Public Cryptocurrency Exchanges In its recently published quarterly report, Square revealed it’s channeling bitcoin trades from its Square Cash application to private brokers instead of public exchanges. Jack Dorsey’s […]