16000 crossed 9x today.
That was a nice call on 16K you made earlier. The fed is the only thing between DOW 16k and DOW 3K, where it should probably be about now. I'm pretty sure they'll keep it above 16K today but they're going to be busy tonight wondering what the hell to do in Asia and Europe. Every time the DOW dips, someone is moving significant money out and the fed is pumping money back in using one of its many hidden channels. I wonder where the money that's taken out is being parked. along with the end of day ramp. altho it those ramps can get even more intense than it was. it can get truly ridiculous. |
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every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.
Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!! Bitcoin moves > 5% on the same day ==> sideways trading... Keep trying  Bitcoin is only 5.5 yo. the Dow is over 100 yo. what's your excuse? |
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every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet whatever you do, don't put stops @16000. they will criss cross that level many times to take you out. Cheers for the advice. Yeah I bet it was truly nail-biting trading during the big crash... Do you think we'll see a bottom in the stocks soon, or could we be gearing up for another monumental correction/crash? Anyone's guess I suppose... we've crossed 16000 five times today. we'll probably finish up over 16000 for a sixth time with an end of the day towering ramp, if i had to guess. |
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wut is everybody worried about?  |
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Dow -415, Bitcoin holding beautifully.
When does the QE effect inflect? The Fed can't come out with QE4 without signaling an extreme lack of confidence in markets. At some point, that signaling will overwhelm any technical boost in asset prices that the liquidity would otherwise bring (ie, banks will just sit on the funds instead of bidding up the stock market). well, that's the rub, isn't it? which is why Bitcoin was devised in the first place; to skirt this problem. |
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Dow -458
that's not gut neither.
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Dow -415, Bitcoin holding beautifully.
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Dow -407
note how the commodity space and oil have indeed been telegraphing this move. and i'll say again that gold and silver have been leading as well since 2011.
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet whatever you do, don't put stops @16000. they will criss cross that level many times to take you out. Cheers for the advice. Yeah I bet it was truly nail-biting trading during the big crash... Do you think we'll see a bottom in the stocks soon, or could we be gearing up for another monumental correction/crash? Anyone's guess I suppose... anyone's guess: true dat. i'd be worried. there are alot of convergences coming together. we're due, cycle-wise.  |
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet whatever you do, don't put stops @16000. they will criss cross that level many times to take you out. |
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet it gets REALLY bad. take it from someone who day traded the 2007-9 crash. and they told us traditional financial markets were stable.  |
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this doesn't look so good:  |
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If you have no friends to whom you can give gifts, and never see people in person, like MyLambChop...
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You can't hide, Bitcoiner!  You've been reported. Bitcoin unaffected! |
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