To all of you that sold < $60 in the past few days...

[smoothie]

How does it feel?

Current price: $71.68 

And yet another thread where smoothie talks crap because someone could have possibly done better. Wish we could all predict the future like he does. I guess when your life is spent talking in forum, you run out of intelligent things to say.

Translation: "I am butthurt". 

[Vladimir]

On this board the bulls reserve the right to tease the bears. It is a loooong way to 10k$ We need something for entertainment while gox clears that backlog.

[Buffer Overflow]

Funny watching the chicken littles panicking.
Help help, the sky is falling in!

[BTC Books]

'Sold'?

What is this 'sold' of which you speak?

[SlaveInDebt]

'Sold'?

What is this 'sold' of which you speak?

Sold and bought back in

[BTC Books]

'Sold'?

What is this 'sold' of which you speak?

Sold and bought back in

Ahhh.  One of those new-fangled, complicated, high-tech financial maneuvers, no doubt... 

Alas, I'm an idiot where such things are concerned.  Buy, hold, spend.  That's me.

[SlaveInDebt]

'Sold'?

What is this 'sold' of which you speak?

Sold and bought back in

Ahhh.  One of those new-fangled, complicated, high-tech financial maneuvers, no doubt...  

Alas, I'm an idiot where such things are concerned.  Buy, hold, spend.  That's me.

Ahhh. Don't get me confused, too simple minded for all that high-tech financial maneuvers, myself...

Alas, I'm an idiot in general. Mine, sell, buy, spend, rinse, wash, and repeat. That's me.

 

[Beans]

How does it feel?

Current price: $71.68 

And yet another thread where smoothie talks crap because someone could have possibly done better. Wish we could all predict the future like he does. I guess when your life is spent talking in forum, you run out of intelligent things to say.

Translation: "I am butthurt". 

I'm just tired of seeing your "look how smart I am posts" When your clearly a idiot, and no one really cares.

[smoothie]

How does it feel?

Current price: $71.68  

And yet another thread where smoothie talks crap because someone could have possibly done better. Wish we could all predict the future like he does. I guess when your life is spent talking in forum, you run out of intelligent things to say.

Translation: "I am butthurt".  

I'm just tired of seeing your "look how smart I am posts" When your clearly a idiot, and no one really cares.

Clearly i am an "idiot" that has made a truck load of profit on my calls/trading.  

[afbitcoins]

Anyone who sold < $60 does not know how to read accumulation distribution.

Please elaborate.

Note, that as the two hour candles are declining in value the accumulation distribution actually rises. This means that volume is generally higher on candles with a high close location value, and the volume is generally lower on candles with a low close location value, eventually tipping the balance back to a positive money flow. And for a longer term indication that USD continues to flow into the exchange the 21 candle Chaikin money flow managed to stay in positive territory the entire time.

This is enough to tell me to hold on. A shorter time scale might have led someone to a different conclusion, but I think that can be a dangerous way to try and gather information while on a parabolic slope. I would have to find evidence of a concerted and sustained reversal of money flow before selling. Believe me, I have been looking for it, and I have not found such evidence, so I have been holding on.

While this rally may superficially appear to be similar to events of 2011 the devil is in the details. Comparing the details of money flow is enough to convince me that this rally is much more decisive, with less fear than was involved with the 2011 run up. There is a lot of confidence that new money is coming into the market.

Good post, will make a note to find out more about these money flow indicators.

[oakpacific]

Anyone who sold < $60 does not know how to read accumulation distribution.

Please elaborate.

Note, that as the two hour candles are declining in value the accumulation distribution actually rises. This means that volume is generally higher on candles with a high close location value, and the volume is generally lower on candles with a low close location value, eventually tipping the balance back to a positive money flow. And for a longer term indication that USD continues to flow into the exchange the 21 candle Chaikin money flow managed to stay in positive territory the entire time.

This is enough to tell me to hold on. A shorter time scale might have led someone to a different conclusion, but I think that can be a dangerous way to try and gather information while on a parabolic slope. I would have to find evidence of a concerted and sustained reversal of money flow before selling. Believe me, I have been looking for it, and I have not found such evidence, so I have been holding on.

While this rally may superficially appear to be similar to events of 2011 the devil is in the details. Comparing the details of money flow is enough to convince me that this rally is much more decisive, with less fear than was involved with the 2011 run up. There is a lot of confidence that new money is coming into the market.

Good post, will make a note to find out more about these money flow indicators.

I like it, and we will have conclusive evidence soon, Gox is preparing a financial report.