Quote from: Its About Sharing on July 14, 2013, 01:06:34 PM

Quote from: Cablez on July 14, 2013, 12:51:05 PM

I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'. I have come up with bubkis as it seems so arbitrary. I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF

Well, a lot of us saw a bounce there (key tech support and also was very oversold) but then some HUGE buyers came in and decided to take it higher. Still not a whole lot of bids piling up so I don't think they want to dump yet...

I get the bounce of of the 60s level, that made sense aka 'cheap coins'. The stiff rise afterwards is the confusing part. Traders on cialis?

Anyway now that it appears we are consolidating a bit what is the consensus on where we go from here? Not trading just learning.