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jimkane
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Starting it off. Let's hope for another week with what I think are sensational potential trading opportunities (even if they are scum bag manipulated longs, over and over).
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jimkane
Rep: 3,058
Posts: 33,089
On the other hand the markets are again at smokin' new highs in the biggest smokin' bull of all time, with lots and lots and lots left to go, years and years (according to the pundits), and the entire public area of MyPivots, including their super hot, lots of posts day traders section, has 17 registered members visiting today in total. So, although this area is dying really bad, it's not like traders are all over the place. Biggest bull ever and there are almost no traders anywhere. In 1999-2000 my plumber quit to trade full time, a doctor I know quit his practice to trade full time, a buddy's sister quit her IT job to trade full time, and so on. Local trading meetings played to a packed house (they were amazing gatherings). No, what are there, 25 day traders in the U.S. now? 50? Probably not even that many. I'm not even sure anymore who all the suckers are that they are gaming, it seems like they are all gone...
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jimkane
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Posts: 33,089
Is this coil ready to pop now? To the upside, to take out that 1800 decisively?
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jimkane
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Probably nobody in here follows bitcoin, but this is completely insane.
http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zv
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jimkane
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Posts: 33,089
And I just noticed TK posted today on that bitcoin madness.
http://slopeofhope.com/2013/11/the-animal-spirits-in-a-sign-of-the-times.html
http://slopeofhope.com/2013/11/the-animal-spirits-in-a-sign-of-the-times.html
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jimkane
Rep: 3,058
Posts: 33,089
Okay, pop underway. 'Too easy'. If they want more than the 1801.50 area, I'm watching 1803.25.
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jimkane
Rep: 3,058
Posts: 33,089
Don't stall on me, baby. I don't want this to be a fake to the upside, and then they bring it back in. In this super-duper bullish market that's something I wouldn't expect to see, like it 'normally' might.