Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.
Probably scumbags like S3052 - that shit should be illegal.
Haha what is wrong with S3052? He provides a service people are willing to pay for as do others on here. I've found his service quite useful. But anyone can learn and use elliot wave theory, it isn't just something 'scumbags' use.