@S3052
Do you consider the small surge today to still be consistent with your short-term forecast of a break downwards? Or would you say the less likely scenario is taking place? Or is it too early to say?
I still think it looks like it will break downwards. Look at the market depth, (
http://bitcoincharts.com/markets/mtgoxUSD_depth.html), there is not much resistance down to about 2.8, and there is a lot more asks than bids. Looks like downward pressure to me.
Of course, I don't know what I'm talking about, and even if I did, a single big buyer (or seller) could cause a huge break either way.