What’s your take on what’s going on lately? For a couple of weeks now, we’ve been basically trading sideways up and down alternatively, not shooting up and not crashing. Although, the losses from $12-$13k hurt. Everyone seemed to predict that either a sharp spike up or a crash was imminent. So, what do you think is happening here? It’s not what I can see as historically predictable. It’s outside the box.
We’ve had both negative press and positive press. The market reacts to those but, very slightly compared to what would be expected. I think it’s acting more like a commodity now. It’s more volatile than most but, not as volatile as others. I hope I’m right on the potential downturns and hope I’m wrong on the upside because I’ve bought long all the way. Any opinions would be appreciated.What I mean by that is we seem to have a soft bottom and a hard top. What’s this about with instant transitions from the $10.6k to $10.2k range, back and forth. 4% transitions to up to 10% quickly but stabilizing around sideways.