Really good call on this!

On a wave basis, we have 9 waves down from the July 21st high - specifically, looking like a wave 4 finished near $100 and we had a fifth wave impulse down from there to complete a larger impulse (9 waves visible on a chart is typical because it means one of the impulse waves extended, giving you 1-2-3-4-(1)-(2)-(3)-(4)-(5) in this case). So we could easily mean-revert back to $100 from here as a correction of the burgeoning Wave C downtrend.

I think he means short-term buy, as in f( timeframe, direction )

I gained a lot of weight as a result of meds I was on. Unfortunately I cannot exercise due to exteme pain and muscle dysfunction.

The counter this, all I did was simply (1) cut back on carbs and (2) eat more veggies and fruits and (3) no eating after dinner. This affects me particularly because I'm a night person: I have little appetite during the day and a huge appetite at night - not sure why it just seems to be baked into my genes (also hotter at night, higher energy, increased heart rate, etc.) Yet avoiding food in the evening does not seem to increase my appetite during the subsequent day. Not sure why though.

Ended up losing 25 lbs pretty fast with these simple changes. Unfortunately, now I'm under my target weight and too skinny, but that makes some sense since I cannot bulk my muscles at this time.

My conclusion is that dicipline is what matters, and small/sustainable changes can have a big impact over time provided you follow it to the T. Anything extreme just doesn't work, for many reasons...

Nice charts lucif.

BTW although Wave C has *finally* brought some recognition among bitcoiners that we've been in a bear market since the ATH, there's absolutely no dearth of perma-bulls, and therefore this bear still has a long way to go - please observe the responses to the following post (important psychological statements in bold):


Note that he's "considering" but hasn't acted yet, which is the crucial part. Also, the responses are amazing:




People will NOT be talking like this at the next major bottom.

Exactly... all these other explanations are just... crap

Unfortunately this is true.

He's probably a drug addict like Trendon Shavers as well (pirate's drug of choice was cocaine); it wouldn't surprise me one bit given the similar behavior here. The nonsensical rants that Meni described fit right in, along with chronic dishonesty and of course criminal behavior. The one piece of good news is that large scale BTC thefts will enable these folks to abuse their drugs ad infinitum, which invariably leads to an early grave.

Quite a breakdown today.

This makes me feel sick.

Such lament already and yet the bear market in Bitcoin has only barely begun!

Absolutely. I'm short everything right now and long the dollar i.e. the deflation trade:

"Over the past two weeks or so, we've been seeing a very clear portrait of how sick our economies are. Not that you would know it from reading the press. The term deflation pops up only very cautiously. Could that be because people don't understand what's going on? Or are they simply afraid of the word? This is the real thing, guys. And it's going to hurt."

http://theautomaticearth.com/Finance/deflation-by-any-other-name-would-smell-as-foul.html

I'm not so sure. A LOT of people are thinking the same thing, and the one market principle I believe in more than waves and psychology is the principle of maximum ruin. I'm not sure the mechanism, but the market will try to prevent that strategy from working, somehow.

In any event, if the triangle's upper line holds, then sometime in July we kiss trlple digits goodbye for a long, long time IMO.

Personally I can't stand writing code in Java (checked exceptions...), but I do acknowledge that bitcoinj and supernode are much furthur along than any other managed language implementation (such as bitcoin C#)

Also, recommend you call the unit XPC

Lol

The new 2008 has already started, except much worse - this time, treasuries aren't even safe!

Nice selloff in bitcoin today right along with everything else (except for the dollar, which should strengthen during a deflationary episode)...  Think wave e is over in btc -> but lucif has it broken below the triangle yet?

Agreed.

It takes a while for falling prices to register in the PPIFGS, since the economy is such a lagging indicator. The thing I'm watching is the collapse in commodities, especially gold and silver. These types of declines are a precursor to falling prices throughout the economy, and we are at the correct time in the K-cycle for deflation (winter). We are very, very early in this new phase - heck, stocks only topped a few weeks ago! Give it time.

Here ya go:

I agree. My model is deflation followed by hyperinflation. But don't underestimate the deflationary part of the cycle, it will be (and already is) intense.

Deflation is here folks

http://www.businessinsider.com/the-inflation-predictions-were-just-wrong-and-now-theyre-hurting-people-2013-6

Awesome! I have proposed the "rolling chain" concept myself. It's the future for sure.

Do you have a code repository up yet? I absolute would like to contribute to this project.

OK, that makes more sense. 50 days is pretty much random IMO. The study I ran shows a strong correlation with the S&P, but that was over all the data. The dollar more or less moves inversely to the S&P, hence my surprise at the OP.