...I wonder how market will react at $4800
What bothers me the most is, that these massive runs haven't had decent pullbacks in the recent days. There is accumulating a lot of steam i'm afraid of...
Or on the other hand, maybe that is just what is happening when all this institutional money is coming in
What the fuck are you talking about?
There had been pull backs and even sort of flat periods in the past two months, sure we have not seen a 30% pullback for a while, and I am not sure if the correction down to 1850 or 3650 count, since they were only 20% pull-backs, but the essence of the matter has been a kind of ongoing gradual upwards price movement - so yeah we could experience a 30% to 50% pullback at any time, but it seems that the gradualness of the ongoing upwards price slope has not outpaced ongoing buying support, so maybe we will get a spurt up to $5900 or a spurt up to $7k, and either of those kinds of spurts, if they were to occur would further justify a 30% to 50% correction - but currently, a 30% correction is not a necessity since we have had a couple of 20% corrections and a gradual upwards that seems to have facilitated buyers to keep up their support of each of the stairs up this staircase... we could even spurt up to $10k in a week or two. and then surely under those kinds of possible circumstances I would start to feel that a 30% to 50% correction was necessary.