billyjoeallen
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billyjoeallen
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April 08, 2014, 08:20:11 AM

Does anyone else get the feeling like the dread is starting to sink into the last of the permabulls? I know that feeling. Maybe it's projection, buy I can almost hear the hope dying.

Probably gonna need a much worse situation than this... before the dread really begins to kick in... somewhere around 1 year of floating between $400 and $500 or maybe some additional downward movement slowly over the next six months bringing prices to lower $300 would begin to increase some dread levels. 

I'm thinking the circumstances are NOT quite dire enough yet, especially reviewing some of the history in which the price reduced to 1/16th... wow... we are NOT even close to that, yet.  Maybe we are getting closer to the 1/3rd reduction territory... so seems that there is a ways to go before dread really will start to materialize... I would think.

I meant permabull active traders with open orders. Guys like me staring staring at the graphs, wanting the arrow to move up like the way some rabid sports fans think that their team still has a prayer when the coach has already substituted third string players and the other fans are starting to leave.

never leave before it's over.

https://www.youtube.com/watch?v=dDbEX666G3Y

go oilers! Smiley

The weird thing about day trading is that you actually do have the ability to move the graph, but only in the wrong direction. You can't move it by sheer force of will, so we come here to talk our book, hoping to convince other traders to see what *should* happen. It's probably futile, but sometimes crowd participation gives your team that tiny extra lift it needs.