Spread between Bitstamp and Gox currently 22.5%.
stamp and btce reluctantly being pulled north. I am surprised so many large buys on those exchanges..... this seems like major drama to me.
This is what you don't see happening but what is going on on a daily basis. A build up of money and new accounts on the exchanges waiting for a chance to buy in. There is a whole lot more waiting still. You can't see this by looking at the order books by the way.
so how do you see it?
I actually completely believe that there are millions sitting there waiting to buy. However, the strength, momentum, volume, price pressure necessary to move those dollars into Bitcoin has proven to be hard to come by as everyone is waiting for cheaper coins.
I think you will not see fiat holder capitulation until north of 1300.