It's pretty obvious we are going down. I didn't realize that was in debate. As I said the trend like is in the 400s and rising. It will go up again within the next 90 days. You want to log off of here for longer than that before you check to see what's happening? No, I didn't think so.
I didn't just say it was going down.
I said it was going to be pointless trying to trade it short or long. Both sides of the trade liable to being whipsawed around, not very much reward for patience or enduring the risk and be assured, that the mofos on the leveraged trading exchanges are looking down their trading book and taking action to squeeze as much blood out the market as they possibly can. If you were in the position to do so, wouldn't you be tempted? Especially considering these places have zero oversight. I know they do it and a trader is especially vulnerable to getting fkd in this way during low volume stagnation periods.
A horrible pointless market from a speculators point if view is what I called, and is the way I expect things to continue for some time. Of course, I am always ready to change my mind or take a good opportunity if I see it.