Post
Topic
Board Speculation
Re: mtgoxUSD bounce to $41 drop to $20
by
usagi
on 02/03/2013, 11:59:02 UTC
History repeats itself but not in the way we thought. That explains why predictions are wrong Grin

I wouldn't be so sure. I'm getting a meow reading of 28 with this chart. here's the same chart with the patented NYAN technical indicator I'm using:



Are you seeing what I am seeing? I think the indicator here speaks for itself.

I think it's pretty obvious we're in a speculative bubble. So while we can't predict the top (and therefore cannot cash out at the top) we know the price will be lower 2 or 3 months from now. My speculation is that it might be best to start cashing out slowly. Like dollar cost averaging but in reverse. That's how I am approaching this market now.

Meow.