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Message:: [QUOTE="GDJMSP, post: 7389615, member: 112"]Yes ! Yes markets, any market, can move on a catalyst. But a catalyst is not required for any market to move and or change direction. At least not in the terms that you're using the word catalyst, or at least not in the way I think you're using it. Markets quite often move faster and farther based on perception and emotion than they do on anything else ! And whether you realize it or not the coin market is and always has been especially susceptible to emotion ! Two emotions in particular, fear and exuberance (for lack of a better word). The huge climb and fall in '89, that was pure emotion. Same thing was true of the climb and fall that started in 2001 and ended in 2008. So what do I see as moving things now ? Perception, coupled with a little bit of emotion. All markets try to find tops and bottoms, they always have and always will. And no market ever just goes in one direction, sooner or later they climb or fall as the case may be. And when the perception that the market has gone as far as it can go in either direction becomes the majority opinion of those involved in that particular market then that market changes direction. What I'm trying to tell you is that the movement of a great many markets is based far more on human nature than it is on anything else. And human nature is the one thing that never changes.[/QUOTE]