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Author Topic: Next breakout coming soon! Here comes $11.  (Read 6367 times)
ineededausername
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July 26, 2012, 11:16:29 PM
 #1



Though many people say that we are going down short-term, I believe that we may be experiencing a correction similar to last May's correction at around this price level.  I still think this rally has legs, and wouldn't be surprised to see $10 or $11 soon.



Note that we have broken out of the July triangle ever since the move from $8.4 to $8.9.  $8.9 seems to be short-term resistance, but I think we might go back to $9.2 or $9.5 soon.

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Reply with quote  #2

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July 26, 2012, 11:19:22 PM
 #2

I predict the market will go either up or down... Cheesy


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July 26, 2012, 11:22:01 PM
 #3

I believe that we may be experiencing a correction similar to last May's correction at around this price level.  I still think this rally has legs, and wouldn't be surprised to see $10 or $11 soon.

I agree


I predict the market will go either up or down... Cheesy


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the market remains unchanged
you lose

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July 26, 2012, 11:22:59 PM
 #4

I believe that we may be experiencing a correction similar to last May's correction at around this price level.  I still think this rally has legs, and wouldn't be surprised to see $10 or $11 soon.

I agree


I predict the market will go either up or down... Cheesy


I WIN!

the market remains unchanged
you lose

Cheesy

Damn....I lose  Cheesy

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ineededausername
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July 27, 2012, 12:23:35 AM
 #5

Last 24 hours: twice as many buys as sells (buy = buy into asks, same for sell)

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July 27, 2012, 02:04:45 AM
 #6

It will be interesting if the market cap breaks to a new short term high.

60 Day Market Cap Chart

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July 27, 2012, 02:10:22 AM
 #7

I agree, $10 seems very near with the daily buys we've been seeing.

Perhaps its does it $10...based on what? Speculation?

Well speculation is fun when you're making bank.  Cheesy

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July 27, 2012, 02:49:29 AM
 #8

I hope not.  The best thing that could happen is months long stability around $8.
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July 27, 2012, 03:02:17 AM
 #9

I hope not.  The best thing that could happen is months long stability around $8.

Sorry, proudhon I think your wish won't be granted.  Bids above 5 moved to approx 1.5 million today from approx 1 million, so it looks like buying pressure is returning...
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July 27, 2012, 03:15:01 AM
 #10

I hope not.  The best thing that could happen is months long stability around $8.

Sorry, proudhon I think your wish won't be granted.  Bids above 5 moved to approx 1.5 million today from approx 1 million, so it looks like buying pressure is returning...

You cant gauge market direction from the order book alone. The orders can be cancelled at a moment's notice.

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July 27, 2012, 04:44:43 AM
 #11

I hope not.  The best thing that could happen is months long stability around $8.
Spoken like a true bear.  Wink

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July 27, 2012, 04:47:54 AM
 #12

I agree with proudhon, stability in the price is what counts (i.e. we build a base on pricing over time, not skyrocketing too the moon in terms of price...).

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July 27, 2012, 04:56:12 AM
 #13

I hope not.  The best thing that could happen is months long stability around $8.

i agree a good 6 months at 8 would be excellent

anyway if you buy at 8.90 or 8$ it wont make much diff once we break 100$ ...  in about 17.52364 months.  Cheesy

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July 27, 2012, 05:02:02 AM
 #14

I hope not.  The best thing that could happen is months long stability around $8.

i agree a good 6 months at 8 would be excellent

anyway if you buy at 8.90 or 8$ it wont make much diff once we break 100$ ...  in about 17.52364 months.  Cheesy

UP UP UP

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Oh god not him..........

"The only way it can go is UP UP UP!"

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ElectricMucus
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God of the code.


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July 27, 2012, 05:19:04 AM
 #15

Go on at some point people will take you guys serious and really start panicking  Tongue
farfiman
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July 27, 2012, 06:15:58 AM
 #16

I agree with proudhon, stability in the price is what counts (i.e. we build a base on pricing over time, not skyrocketing too the moon in terms of price...).

I agree- stability at 10$ would be just fine  Smiley

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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July 27, 2012, 06:23:35 AM
 #17

I agree with proudhon, stability in the price is what counts (i.e. we build a base on pricing over time, not skyrocketing too the moon in terms of price...).

I agree- stability at 10$ would be just fine  Smiley


I'd like to hear you say that when we're trading at $11.

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waspoza
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July 27, 2012, 09:27:24 AM
 #18

I agree, stability at $1k would be nice.  Tongue
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July 29, 2012, 10:41:26 AM
 #19

I agree, stability at $1k would be nice.  Tongue

I'd like to hear you say that when... WAIT! What?!?

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ineededausername
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July 29, 2012, 06:50:02 PM
 #20

Tomorrow, we will see something interesting Smiley

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