This is a fascinating development. Heres my analysis:
1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.
When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.
Touch 105 or so then hard up to 140.
thoughts?
TJ
No, supply is only one side of the equation, you forgot it takes demand to make a market price. if peopels is scared and they not putting on many good bids, the price will still head down. fewer coins just means the volumes will be down on the exchange.