Nothing much has happened since last post. As I supposed the market is clearly inclined to go down though the move is still very slow and choppy. Considering the market is in its resting period it’s not so bad after all.
The price sits exactly at the $100 level and every bounce attempt ends up with a sell-off. That means we should expect decisive break down in the following hours/days. But again it doesn’t have to be smooth and fast. If you are not in a short position yet sell below 97.40 (Mt.Gox) with SL 104. As last week I am not interested in going long at this phase and think market will touch the $80 level (or close to) before any substantial up-move.