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Title: Poll: What will be the bottom price for current downturn? Post by: Alonzo Ewing on March 28, 2014, 02:54:54 AM see above
Title: Re: Poll: What will be the bottom price for current downturn? Post by: master-P on March 28, 2014, 05:05:52 AM I think it could hit $350 if the China ban turns out to be true. Don't see the price dropping more than that unless we get more bad news.
Title: Re: Poll: What will be the bottom price for current downturn? Post by: K128kevin on March 28, 2014, 05:08:07 AM I feel quite confident that we've hit the lowest point already. I think things will go up from here.
Title: Re: Poll: What will be the bottom price for current downturn? Post by: chessnut on March 28, 2014, 05:15:24 AM the decline caused by the news has caused a panic wave of selling that meets the exact criteria for an elliot wave. e have had five waves down, three the largest wih most volume, a wedge fourth wave (contracting liquidity) and a final thrust fifth wave. now that we have a reaction above the fourth wave, the wave has terminated. if this is not the end, it will be some time before the next decline probably.
Title: Re: Poll: What will be the bottom price for current downturn? Post by: Alonzo Ewing on March 28, 2014, 05:28:59 AM chessnut, do you have a chart for that?
Title: Re: Poll: What will be the bottom price for current downturn? Post by: TERA on March 28, 2014, 05:32:03 AM Judging by volume and orderbooks, this seems more like an intermediary bounce than a bottom. The question is, will 400 hold?
Title: Re: Poll: What will be the bottom price for current downturn? Post by: Cassius on March 28, 2014, 04:08:09 PM Judging by volume and orderbooks, this seems more like an intermediary bounce than a bottom. The question is, will 400 hold? What do you think of Stamp's current order book? A wall at 470 and not a huge amount in the way of asks at the moment. Title: Re: Poll: What will be the bottom price for current downturn? Post by: JustAnotherSheep on March 28, 2014, 04:40:33 PM $390 seems a likely candidate if this isn't bottom
That, or a ping on (and confirmation of) the potential longer term lower trendline, which would be around $410 Title: Re: Poll: What will be the bottom price for current downturn? Post by: eboard10 on March 28, 2014, 09:29:26 PM $250-$299, should bottom somewhere above the April 2013 top.
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