Me: Watching a pair of floppy titties bouncing up and down... thoughtless... yet I am smiling.
JJG:
But what does it mean?
She looks like fun and all of that, yet it doesn't look good in terms of symbolism... .. unless we just interpret the movements as temporarily bouncing around at what seems to be a temporary top, that may well not end up being a top.. so then where would that take us?
I am not going to say that I know.. and maybe you are leading me into having to start to solidify myself more in terms of proclaiming $35k to $55k to be our new "don't wake me up zone".. whether we call it a top, some kind of reflection of the bottom being in or maybe the bouncing around ends up playing out as a mere middle....
By the way, there are some people who still consider current prices to be quite a bit below fair market price, and for me it does seem a bit better to be bouncing around 40% higher than the 200 week moving average, and surely a 40% or more price above the 200-Week moving average seems way more stable.. even though king daddy no does not do stable, and least in these here times, so it would seem to be quite fantastical to be either expecting or seeing king daddy as "stable".. not here.. this seems like bat country.. and not really very comfortable to be stopping.. . unless we go up first.. so if there is more UP and then we come back down to here. .then I could see possible stability around here.. but just going up and then stabilizing around the top of a recent price move (right around 60% up if we start at $27k).. I don't see it.. I just don't see it. Call me blind.. if you like.
@JJG - you crack me up sometimes but, also amaze me at the amount of thought and analyzing you perform.