Just woke up...
Today, I really need it to go down
I'm afraid we're going into choo choo mode.
Probably not for long.
But I will put this out there. Yesterday before the news from China I wondered after watching these markets waver between bull and bear mode wit trendlines for each intersecting - I wondered if we might not get some news that would send this market down, i.e. Silk Road and that would snapback in a way that would give confidence to the market.
I think there is still a VERY small chance that we are witnessing this. Here is the scenario:
Chinese speculators were not in fact very much of the overall Chinese exchange volume - most of it has come from outside mainland China. Meanwhile, the other exchanges and US and European investments have been the solid foundation of all the exchanges, but this fact had been lost in the run up in at ChinaBTC.
Thus, once investors see that 3rd party processors didnt have a sustainable impact on the market (i.e. Silk Road flash crash) investors flock back to secure best positions and additional investment comes in from off the sidelines anticipating a new run up.
Of course, this is, imo, very unlikely.
But its not impossible.