MAbtc
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December 28, 2013, 03:52:57 AM

If/when we have a final capitulation, the price will stay higher than the low we have already had . . .   It's psychology, support has been identified, and everyone will be racing to beat everyone else and buy before we dip to the support.   If it coincides with a series of bad news, then maybe we would dip below, not likely unless a very specific set of circumstances arises.
I'd say it's way too early to say. I don't think we have established support levels. We've had only one capitulation.