no real gains made this week...time to sell off some positions if you can (to buy back in on the weekend slump)....my guess is that we will see low 12's (the failure to break back into 14's for any major amount of time has me worried) if not high 11's. definately feeling bearish in the short term.....
then again, this is just wild speculation, so who knows? thats half the fun
as for me, i went all in at 13.1 so im holding for now...i dont see a lot of money to be made from my current position (i didnt luck out enough to get free trades from mt gox).
then again, this is just wild speculation, so who knows? thats half the fun
as for me, i went all in at 13.1 so im holding for now...i dont see a lot of money to be made from my current position (i didnt luck out enough to get free trades from mt gox).
I am starting to see something interesting in the daily model. It seems a bit counter-intuitive, but it looks like the longer that price is held below $14 the likelihood of an extended rally being sparked before the end of August increases.
I'm not worried. I'll gladly push it back from 14 for a while if it helps to solidify the future rally.
That's the way. It's all about momentum