Re: rpietila Wall Observer - the Quality TA Thread ;)

bears will buy back after they see nothing happens on the 31st

What bears? Although price has slid -20% in 3 weeks with no sign to the better, the bear camp is almost empty. Imagine the hooray from bull camp if the price had gone up this much in this time.. Roll Eyes

This way you know the relative numbers of each.

You're delusional. The bear camp is way bigger than the bull camp right now. Mainly because of China and the Jan 31st deadline.

I'm actually not sure about that. It's something bulls keep repeating (followed by the "bears will panic buy after nothing happens on the 31st" prediction), but it's not so obvious to me.