Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
The price is not considered a bargain as its still remaining in this range..I'm betting for a black monday..
And your definition for "black" goes something like...
...it crashes through rpietila's support line of $115, goes all the way to $95, enabling rpietila to invest the proceeds of last week's OTC trades (about 700 grams of gold, 22 kg of silver, EUR 28k cash, 60k bank money) with 30% better exchange rate that he would otherwise get, and bounces back to barely above $110, closing the month with a +15% green candle.
Black indeed. I'm looking forward to it..
Me too. But I won't discard the price to go straight up, just barely touching $125... There are bullish signs everywhere, including very positive media attention despite the bubble burst, which every day looks more like a simple correction.