Topic: Time to Head Back UP (Read 1200 times)
ho hum.
up goes the Dow. good sign.
Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks 
i think this has ceased to become a reliable indicator either way (meaning price rise or drop). thats b/c everyone knows about it already.
I think it means we're going to see some more deleveraging.
dead bodies strewn around the landscape on high volume usually means a reversal. in this situation, the * on the Buy side should mean we're going up.
Yeah, but we saw high volume which pushed us down from the uptrend from the weeks/months before. Doesn't a reversal then mean we're going down instead of up in that case?
what i'm referring to is the high volume on the downstroke yesterday usually means capitulation and the end of corrective wave 2. we should now be free to resume the primary uptrend.
I'm quite new to all this, but it sounds good
Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks
i think this has ceased to become a reliable indicator either way (meaning price rise or drop). thats b/c everyone knows about it already.
I think it means we're going to see some more deleveraging.
dead bodies strewn around the landscape on high volume usually means a reversal. in this situation, the * on the Buy side should mean we're going up.
Yeah, but we saw high volume which pushed us down from the uptrend from the weeks/months before. Doesn't a reversal then mean we're going down instead of up in that case?
what i'm referring to is the high volume on the downstroke yesterday usually means capitulation and the end of corrective wave 2. we should now be free to resume the primary uptrend.
Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks
i think this has ceased to become a reliable indicator either way (meaning price rise or drop). thats b/c everyone knows about it already.
I think it means we're going to see some more deleveraging.
dead bodies strewn around the landscape on high volume usually means a reversal. in this situation, the * on the Buy side should mean we're going up.
Yeah, but we saw high volume which pushed us down from the uptrend from the weeks/months before. Doesn't a reversal then mean we're going down instead of up in that case?
Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks
i think this has ceased to become a reliable indicator either way (meaning price rise or drop). thats b/c everyone knows about it already.
I think it means we're going to see some more deleveraging.
dead bodies strewn around the landscape on high volume usually means a reversal. in this situation, the * on the Buy side should mean we're going up.
Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks
i think this has ceased to become a reliable indicator either way (meaning price rise or drop). thats b/c everyone knows about it already.
I think it means we're going to see some more deleveraging.
Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks
i think this has ceased to become a reliable indicator either way (meaning price rise or drop). thats b/c everyone knows about it already.
Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks
Cool. I was looking forward to a new post on your blog. Keep 'em coming!
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