Richy_T
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Activity: 2576
Merit: 2268
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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July 09, 2014, 03:39:33 PM |
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They pull apart about 1/3 of the article and call it done. There are certainly some inaccuracies in the article but that doesn't dismiss the whole thing.
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xyzzy099
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Activity: 1066
Merit: 1098
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July 09, 2014, 03:47:23 PM |
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They pull apart about 1/3 of the article and call it done. There are certainly some inaccuracies in the article but that doesn't dismiss the whole thing. It's a very well-known fact that there is massive overcapacity in the European automotive industry - just google 'european automotive overcapacity' to see tons of stories on that. The only way to fix this problem is to shut down automotive plants, each of which provides thousands of high-wage jobs. I would not be shocked at all to find out that some European government entities were covertly subsidizing overproduction just to keep their local plant(s) open. Pure speculation, of course - but it would make a lot of sense.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 09, 2014, 04:00:26 PM |
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Torque
Legendary
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Activity: 3710
Merit: 5286
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July 09, 2014, 04:02:10 PM |
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No Aston Martins, Ferraris, Maserati or Lambo's. I'm not going to waste my BTC on a Volkswagen. Car market not ready for bitcoin Love my TDI but I've just about run it into the ground. Time for a refresh. I won't use my stash though. It would have to be a buy BTC then spend. Same here, absolutely love my 2006 Jetta GLI. Still only has 92K miles. Would buy another VW in a heartbeat.
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altsay
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July 09, 2014, 04:38:21 PM |
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Good. Get ready to see tall spikes on the chart.
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hdbuck
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Activity: 1260
Merit: 1002
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July 09, 2014, 04:40:02 PM |
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that'd be my winning lottery ticket: 1/ greece 2/ portugal 3/ italy 4/ spain 5/ france and the extra bonus: UK out of EU
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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July 09, 2014, 04:40:39 PM |
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Pathetic volume is pathetic.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 09, 2014, 05:00:25 PM |
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Torque
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Activity: 3710
Merit: 5286
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July 09, 2014, 05:06:30 PM |
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Pathetic volume is pathetic.
It's still the summer time, all the drones are still spending money on vacations, clubbing, gin n' tonics, and home beautification projects like landscaping. Wheee! I'm a consumer, and I can spend money today! Wheeee! Look at me go! I'll be no better off in 20 years, but I don't care! Wheee! Investing, what's investing??
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Sicarius1985
Newbie
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Activity: 11
Merit: 0
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July 09, 2014, 05:07:25 PM |
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Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?
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Torque
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Activity: 3710
Merit: 5286
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July 09, 2014, 05:08:33 PM |
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Remember the end of may? Volume got very low.
Whale Investors: "Sell in May and go away." They won't come back until the Fall.
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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July 09, 2014, 05:20:54 PM |
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I believe the selling pressure is waning.
The sell wall is just growing. 8500 coins to $680 now.
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EuroTrash
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July 09, 2014, 05:23:15 PM Last edit: July 09, 2014, 05:52:41 PM by EuroTrash |
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Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?
Yup. But I also remember mid-March, and the end of January. In both cases the volume went paperthin before another drop.
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wachtwoord
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Activity: 2338
Merit: 1136
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July 09, 2014, 05:33:01 PM |
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Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?
Yup. But I also remember mid-March, and the end of January. In both cases the volume went paperthin before another drop. October 2013
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Miz4r
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Activity: 1246
Merit: 1000
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July 09, 2014, 05:45:53 PM |
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Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?
Yup. But I also remember mid-March, and the end of January. In both cases the volume went paperthin before another drop. That was in the middle of a bear market, we're now just coming back out of it. We may slip back in but I think the probability of that is not very high considering all the good news.
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empowering
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Activity: 1078
Merit: 1441
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July 09, 2014, 05:48:27 PM |
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EuroTrash
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July 09, 2014, 05:53:14 PM |
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Also 1d MACD has crossed down while StochRSI seems undecided. 1d MACD, in hindsight, has been the most reliable indicator from Nov 2013 until now. Albeit we still need one day to confirm the crossing. Besides, indicators generally keep working until they don't.
Moving onto the weekly charts, I kind of have some deja-vus from August 2013. Also my own feelings now match those I had at the time. The market was going sideways; I got annoyed at myself for making a couple of wrong trading moves, then decided to move most of my coins to cold storage (except for some pocket money) and forget about trading personally for a while. So that I missed the SR-event slaughter (and probably that was a good thing).
TLDR: conflicting signals and faith in long term success make me want to stay in coins and forget trading for a while.
BTW I'd love to know what oda.krell's reversal index says today.
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minerpumpkin
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July 09, 2014, 05:55:41 PM |
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That looks like a friggin snake!
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 09, 2014, 06:00:25 PM |
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