oda.krell
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October 04, 2014, 02:50:23 PM
Last edit: October 04, 2014, 04:12:28 PM by oda.krell

Monkey says 4 more days down.  He might not count weekends though.  

After that he wants it to go up for a couple of months.

I'd say monkey is probably plain wrong then, for once. Unless something radically changes in the next few days (say, bounce back to ~420-450 and staying there as week closes), we're most likely going to make a new low post-ATH. Even if we bounce up a bit from the exact spot, there's a good chance we're then in for a long decline, 2011 style. (<-- don't stress, read EDIT below)

Here's the disclaimer that always seems to be necessary in this place: I'm not a "bear troll". The bear market didn't kill the coin in 2011, so let's hope it doesn't in 2014. But if there's any time not to believe in a couple of months uptrend, it's now - unless monkey placed the emphasis on "want", in which case I'd agree with him.

EDIT: By "long decline, 2011 style" I don't mean similar magnitude of price decline, don't think it'll ever get that bad. I mean the overall shape, as in: an extension of the trend since July.