If this continues beyond $19, bears will be wary to dump in large amount lest they may fall into bear trap.

On what basis do you conclude that?  My take is that Bitcoin is still undervalued* and that the only reason we had the shakeout is because enough people believe growth that fast shouldn't be sustainable.  If it really is as undervalued as I believe then the an increase in price closer to a realistic evaluation is only waiting on enough people realising how undervalued it still is.

Sometimes such things are easier for people on the outside to see than those who may be over-familiar with previous patterns.  Given that so many here are not comfortable with fast growth and may be looking at things from the perspective of their purchase price it is not surprising every now and again that we have a good shake out.

However there are as far as I can see and as far as others have pointed out quite eloquently, plenty of fundamentals pointing to an exponential growth (at least for some time) which eventually, despite the pressure of those refusing to believe it, is bound to be reflected in the shape of the growth chart.

* This whole post is based on the undervalued assumption which is the assumption upon which my trading decisions are made.  This is not to say that I deny I may be wrong.  It's not what I'm arguing.  What I'm questioning is why others who are bullish in the bigger picture are seeing an unlikelihood of buying pressure continuing after the weekend?

There's no way you really fooled yourself into thinking this. Are you caught out short? Cut your losses man.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account.  If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange.  Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain.  The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made.  It would require a substantial amount of trust but I sort-of see that as potentially working.

I don't trade, I'm only here for the LoLz. 

What Adam is trying to convey is that he is about to start dumping random pictures of bulls and bears in his thread again. Bull or bear depends on which way the wind is blowing in Canada today.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?