octaft
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April 01, 2014, 02:26:54 AM

What I am finding is confirmation bias from both sides. Ignore that which doesn't suit your agenda, and select that which does.

so whose side are you on?

and also you need facts to judge confirmation bias.

why dont you count up the number of bears on this site, vs number of bulls over the last 3 days.

also try collect some number targets. you will find that bears targets are 380. cluster targets are never hit.

also try reading Ristos thread. that is where noobs take out their anger. that is where you may analyse validity of arguments.

I'm on my own side, and my side has no fucking clue what's going to happen next, although I suspect some sort of at least temporary rise needs to happen after all this plummeting. The only bears really spouting off to a great degree are the same guys who seem to be pretty much always bearish. Same thing goes for the other side (super bulls being bullish), which I guess is more bearish than before we started dropping, since when we were on the initial rise to >1,000, almost everyone who is not a super-bear was heavily bullish, whereas now some of the newer bulls are sitting on the sidelines in terms of posting.

The sentiment is definitely bearish compared to when we were skyrocketing to 1000, but if you rate extreme bullishness as 100, and extreme bearishness as 0, during the huge rise we were somewhere around 98, and now we're more at 30-40. <5 is when guys who shout HODL at the top of their lungs at times like this come on and say something like "wow, I can't take this anymore, this is going to shit. I'm cutting my losses and selling to rebuy lower."