Quote from: cbeast on October 01, 2014, 08:43:08 AM

Quote from: intighet on October 01, 2014, 06:51:34 AM

Quote from: cbeast on October 01, 2014, 03:20:20 AM

Hindsight is 2020. I am always amused by the conceit people hold by playing Monday Morning Quarterback.

Your accusation is unfounded. Torque's speculation may only be intuitive in hindsight, but the pattern itself is recurrent and consistent through the last three bubble events. The models of consolidation (flag, pennant, etc) are also very predictive of the contours of these large price movements.

The prediction that the $365 bottom will hold seems to have been validated by earlier price action, too.

Are you making that up? You pulled my remark out of context. I was not responding to that declaration. I was responding to your claim that there is a "common-sense" cycle. If its common-sense, then why aren't you a billionaire?

No common-sense cycle, just a few common-sense explanations for an apparent cycle that seem plausible.

EDIT: Answer to your second question is finite margin constraints. Tongue