Quote from: Xiaoxiao on July 08, 2014, 06:34:35 AM

Quote from: Newbie1022 on July 06, 2014, 02:45:13 AM

Quote from: Xiaoxiao on July 05, 2014, 10:47:25 PM

Quote from: NapoleonBonaparte on July 05, 2014, 01:32:28 PM

What is your forecast for August ?

To be honest, I am contemplating shorting. And the reason is because all this great news right now is a FRUITION of this past bubble, and a lot of inexperienced people are seeing it the other way around or seeing these new small good news to be causing a new bubble. I'm still not sure what happened this last bubble, but it may have to do with some shady things going on with the chinese exchanges. Market manipulation in China is unbelievable.

This is the smartest statement I've seen on this board.

My own guess is this, but it is projected way too far out and so many things can intervene and shake it up. I think we'll get some upwards price activity not for reason of good news, but because of a changing market infrastructure -- notably, more leveraging and more Wall Street bots. I think we are all going to be taken for a ride really soon and if you catch the peak you'll be sitting pretty but if you are a day late then you'll (not as in you, specifically, but as in people generally) be living out of a cardboard box.

I expect July 20 modest price movement for those behind the game trying to enter cheap, then late July rally that speeds up and then takes on a life of its own as disillusioned youth start to gamble with their financial aid dollars and then... the crash... cascading margin calls on overleveraged traders PLUS a big exchange falling. Hopefully I am wrong because that would be an existential crisis.

Who knows... but next bubble seems to be long ways ahead.

This week's forecast:

700-500

trade: none, 3rd week in a row no trades made.

Keep up the good work. Your analysis is sensible.