Post
Topic
Board Speculation
Re: Are there any real hardcore bears?
by
oda.krell
on 22/11/2013, 15:10:29 UTC
I sold around $400. Still got my buys spread between $100 - $200 and they're staying there for a while at least.

I suspect bearishness correlates with how far out people zoom on their chart of choice (e.g. the more bearish, the more the person zoomed out)

I'm going to assume that's what you really did, so then I'm wondering: that strategy only makes sense if you assume that we're going to correct down to between 1/8 to 1/4 of the current price. Which didn't even happen in the April 10 crash in any substantial volume (don't know how much you're expecting to buy, but let's say it's more than neglible amounts). That's pretty hardcore bearish, not just "we're overbought right now and will correct back to July levels" but "we're going back more than half a year, well below the previous ATH". Would actually be really interested to hear why you think that's the case?