Do the markets follow BTC-E?

[mano21]

I've seen many people claim that BTC-E is always a step ahead.

So, since BTC-E is is currently trading at 389 (2am est), with bitstamp at 401, would you expect the stamp price to fall tues morning?

If BTC-E is not the price leader, then what market is?

Any feedback appreciated.

I also remember some bear trolls saying tues will see a price massacre.

Let us see what happens.

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[cmacwiz]

Using a time-dynamic scaling extrapolation over the past 4 weeks, I have markets (Bitstamp, OKCoin, Huobi)  latency of 1 hour to be at ~67% correlation.

If we exclude the data when volume exceeded 1500 BTC (a typical cutoff 8:1 for Keynesian stat) within 30 minutes on any one exchange (quick pumps), the market follows BTC-E at 89.2% correlation at 1hr.

[masterluc]

btce traders AFAIK have difficulties with fiat compared to other marketplaces.

So it's fiat capabilities not always meet demand.