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Author Topic: Dropped below $3  (Read 2359 times)
anu
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October 24, 2011, 05:38:33 PM
 #21

This month, it might only drop $3. 


your line is almost straight. Surely the price will be negative in a month. Grin

You guys all forget that some people have agendas beyond day trading.

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October 24, 2011, 05:41:48 PM
 #22

As usual, we had a recovery after a big drop, and, as usual, it lasted about 3 days max. (Well, this time we had a fourth day, a Sunday when the price didn't change much, before the drop).

We now resume our regularly scheduled long, slow slide.

Mt. Gox, last 4 months, with 30 day trailing moving average (brown line)

The trend is rather obvious. It's a trailing moving average, so it's useful to shift it 15 days to the left to line it up with the actual prices.

 I starting pointing this out about two months back, and the trend has been quite consistent since then.  It may be leveling off a little as we approach zero. The moving average has been dropping by $4 per month since the end of June.  This month, it might only drop $3.  

Not much longer to go.

Someone suggested I'd post this picture as a reply when you show up again so I do  Grin

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October 24, 2011, 05:55:15 PM
 #23

perhaps the fact that the UK and Euro banks have tag teamed all the exchanges simultaneously might have something to do with the new downwards trend.

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October 24, 2011, 07:01:03 PM
 #24

perhaps the fact that the UK and Euro banks have tag teamed all the exchanges simultaneously might have something to do with the new downwards trend.

Yes, feed the great bull.

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