Quote from: tarmi on September 18, 2013, 11:02:19 AM

Quote from: oda.krell on September 18, 2013, 10:54:29 AM

Quote from: chodpaba on September 16, 2013, 01:38:00 PM

Monday, September 23, 2013 $127.21

Quote from: chodpaba on September 17, 2013, 05:55:53 PM

Tuesday, September 24, 2013 $129.43

I think I liked your other indicator better. But I'll say that much: if the (short term) reversal that would be needed to reach your numbers takes place over the weekend, I'll give your new method all the praise it deserves. I don't see any signs for that happening, but then again, I usually only pick up trends once they started forming, while you seem to attempt to look ahead a bit more.

what reversal are you speaking about?

current mtgox price: 140 $.

so, instead of a drop to 127 $, we will have it to 129. nothing's changed actually.

I'll paraphrase: we're at 140 now. Going back to either 127 or 129 within the next few days would be a (at least minor) reversal - or if you prefer, call it retraction. And I don't see any signs pointing towards such a reversal. If at all, I see the uptrend becoming stronger again (main point: price and order book development on bitstamp)