Quote from: chessnut on February 14, 2015, 10:55:56 PM

Quote from: dannyspk on February 14, 2015, 09:13:57 PM

Quote from: chessnut on February 14, 2015, 10:35:58 AM

Quote from: podyx on February 14, 2015, 10:06:07 AM

You guys think we'll make a short term top around $260?

I was thinking that many people seem to be eager to pick up at sub 200 so if we make new lows, I feel like it should be shortlived and it'll be obvious that it is a bottom. But bottoms are rarely easy to tell which is why I think that we may not see new lows.

A short term top may already be in place but a move towards 260 is not unlikely. After some consolidation between here and 1400 yuan we might take another leg up higher towards 1800, but it is equally likely at this point that we will begin the last greater leg towards new lows to conclude the bear market around $100.

That was pretty close at $258. In your last count, you calculated the distance of breakout from its preceding triangle. Does it land between $255-260? Don't you think once we enter sub 220s again from here, it would be very likely to head downwards?

Yes, I think if we pass 220 we will be on our way to new yearly lows. we could consolidate above that possibly before another leg up also, but I prefer the bearish take.

It seems like this impulse in over, we have clearly had a fifth wave erupt from a iv wave triangle on the smaller time frames which concludes two degrees of impulse. we will likely head down to 240 from here.

We didn't. 1680 CNY seems to be very close to be broken from here. What's your take now?