windjc
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April 14, 2014, 11:13:48 AM

What was the reason for this massive buy? The OKcoinATMs ?

Shorts covering. Longs expecting market to rise when all Chinese operations don't cease to exist on the 15th. Longs chasing the 1 day MACD.

This is Custards last stand before we see $270.

A day or so ago, we broke through months long resistance to $340. And we have rallied on no volume.

This is all smoke and mirrors right now.

The only people screaming "bear market over" are those that totally ignore that the technicals are nothing like they were in July 2013.

I'm not saying this is 2011 all over again. But its certainly not 2013 either.