I say fakeout...still holding to the Aug/Sept. time frame for some actiion. Check out the monthly charts over the last many months..
"They' have to hold on for time...stall as long as possible.Cntinue to make hay on shorting and going long over and over. The pressure must be getting unbearable for 'them'...or perhaps the denial. One's own arrogance is never unbearable to the 'bearer'.
Sorry guys, but just can't see it yet. And always keep in mnd, as I now do, whilst Jim Sinclair is the best...his time frame, Bill Murphy's time frame ("in the months and years to come)...and my expectations were once on divergent time zones...no longer. So, as Jim notes, this is not going to happen soon...up to 3 years. That could be a hint that we have at least a few months/several months before we see the other side of $2000.
By reasoning of deduction, I say the Casino managers are having another go at us...and the boys still in on the AUM black jack game are still dealing the cards. they want buyers lately and pump the positive up and down. Gotta keep some real volume in the game for cosmetics. At this time they have probably set up their shorts for near options expiry.
Hope I'm wrong, after all I was all the way down.
Summer will be over soon.