Torque
Legendary
*
Offline Offline

Activity: 1834
Merit: 1501



View Profile Personal Message (Offline)

Ignore
July 16, 2015, 04:26:00 PM

3 years of watching this market can tell you a lot of things.  I could tell just by the lack of serious volume, that this whole pump was temporary.  It was clear that a few small pocket whales (colluders?) started this whole thing, utilized the rise based on the impeding news in Greece.  

Even if it had spiked more on a Grexit vote, it would have petered out eventually as the really deep pocket Global MM whales were not involved in the least.  They have plans in the future for another 2013-like scenario, but that future is maybe not this year.  Maybe 2016 or 2017, who knows.

Trust me, when a true skyhook rally comes, it will be a completely different story.  Monothic buying volume will suddenly appear and increase over a period of 1-3 months, and the price will rise dramatically, several orders of magnitude.  This is when you know that something big is happening.  It usually precedes some large global news (e.g., think the news in Nov 2013 of the U.S. giving a green light to Bitcoin, something on that level).  And it will likely coincide with another U.S. stock market bull run.

I still think a new bull run has indeed started, although we might drift slightly down/sideways for many more months.  A great buying opportunity from here forward.