Nov. 6th will be interesting

[windjc]

Tomorrow (today for most of you) will be interesting.

For two straight days tremendous amounts of money have hit the market around 8-10am EST.  Along with it, the market has climbed over $45 in those two days.

Now we reached an ATH on Gox but not in China and not on Bitstamp. 

I doubt quite as much money will hit the market on Wednesday, although I could be wrong. I also suspect that for a lot of on the fence sellers the fact that we hit the  ATH on Gox is enough to sell if prompted.

That being said, I find it hard not to believe that Bitstamp will not test the ATH ($259) if fresh money hits the exchanges.

It will be real interesting to see if we have a decent correction, if we break through to blue skies or if we trade in a tight range on Nov. 6th. I am curious to see what happens.

[Tzupy]

The 7th November might be even more interesting, if we reach the peak today and then crash very hard. 

[balanghai]

Or if no crash today, it will spike at $300.

[wobber]

So, new ATH is in place and no massive movements so far. If tomorrow will rest at ~260, I bet it will go to 320 in no time. My only fear is that it will go too fast and then pop.

[windjc]

So, new ATH is in place and no massive movements so far. If tomorrow will rest at ~260, I bet it will go to 320 in no time. My only fear is that it will go too fast and then pop.

I tend to agree. Why 320 though?

[wobber]

So, new ATH is in place and no massive movements so far. If tomorrow will rest at ~260, I bet it will go to 320 in no time. My only fear is that it will go too fast and then pop.

I tend to agree. Why 320 though?

I find a top at 300 to be very unlikely, too close of 266 or 272. I just made it out, but it could be 340-360. I am not sure we can go to 400 soon.

[Ghost of USD]

320 USD also equals 2000 CNY

[Zangelbert Bingledack]

320 USD also equals 2000 CNY

It really seems China is calling the shots. Good. This should be explosive, like some dynamite Sichuan dish.