Indicators scream "down" ATM, this should be definitely a spot to be in fiat.
Nevertheless, this is Bitcoin - are the whales that have been regularly buying between BTC1,000 and BTC2,000 the last few days finished their buying? Are they waiting for the ask side to build and the spot price to go down, as its happening right now, before the next buys?
Really, trading in this market ATM is pure gambling.
Indicators have pointed to down (on the daily chart) for a few days now. But, with the spread between the 2 big exchanges and no money being able to be taken out of GOX, how reliable are the indicators? We are seeing something new here imo. The weekly chart is still looking bullish.
I agree in that it is a gamble. But, it seems like what you say has been true; The whale(s) come along and buy every 3 days or so to support the price. If I went by the indicators the last two times (I remember this) I would have missed one or both up moves. So yes, a gamble. Buy and hold (and hope)? Or wait in fiat and hope? Hmmmm...
Well, I wouldn't be so sure about "no money out of Gox". In fact, they just changed the "up to three weeks" on the withdrawal page for SEPA to "one week", and many reports of successful SEPA withdrawals are being reported. And the spread diminishing should be arbitragers at work.