Nocxium has taken a little bit of a dip in Amarr so far today compared to where it was yesterday. I suppose it may just be a weekend thing as people drop what they mined/reproccessed yesterday, seemingly oblivious to the upcoming patch. Hopefully the prices will start shooting back up again during the week when less people are online. :)

Sales were extremely slow on Sunday from my PoV. My guess is a bit of profit-taking, holidays and the market taking a breath before it goes nutzo again closer to the April 24th patch.

Mineral index is still generally up.
http://www.evemarketeer.com/trade/mineralindex

Nocx definitely showed some weakness on Sunday.
http://www.evemarketeer.com/item/info/38#3

The spread is also rather large. Top 5 region buy is 740, but the sell is 933.

My wallet on the other hand, nowhere near as fat as most people I assume on these MD forums, doesn't like it quite as much... for now.

I'm thinking that Nocxium's price will go up a fair bit during the next few weekdays. Not a guarantee, of course. Just a feeling. :o

I think this is something to take into account. When the bubble first started, and anyone watching fanfest with a brain was able to see that nocx was going up, many traders jumped in. Hence the rapid ascent. However, many of the 'smaller' traders are starting to see their wallets completely consumed by Nocx, and that doesn't always sit well.

These 'smaller' traders may be cashing out so they can free up liquid ISK for various other investments that aren't as 'long-term' as Nocx is going to be.

Just a thought.

Durin

120 million units of nocxium ready to crash the market here.

Don't make me use it.

Prices go up and down in swings.

It's actually a very negative sign when price stops taking a breath every few days, because then it chokes and crashes.

Look at this little quick graph I slapped together.

I marked the swings with arrows, price goes down a bit, takes a breather, then resumes the climb.
At the bottom of most swings it's possible to buy "low" (compared to 2-3 days earlier) and take a larger profit later. I marked the appropriate price action with "buy".

The last swing it goes "hyperbolical" with no further pauses. When it starts going down, it shows a price action bar (a pin bar) like in the previous swings but it will be an exhaustion pin bar this time also known as inverse pin bar. Who will buy there will get burned. Price in fact often will drop till it will "sit" right on top of the previous swing bars highs.

Wise traders will wait till price crashes a bit, then buy. Only then, a second high top will form and the classic pattern called "double top" will appear. Past that, it's free fall till the double top target, often it's at least as big of a drop as the double top height.

Now is the right time to unload nocx stockpile ...

Vaerah, that looks more like speculators profit taking than anything. In a breakout situation doesn't the previous resistance become the new support? That particular pattern is seen in two of the last 3 dips that the price has had. Just a note that I am a market noob and only have about 5 minutes of technical analysis under my belt here (and testing my newly acquired skills)

Thoughts?

Vexx

If you want I can post the full graph and you'll see how indeed the price tanked, formed a double top and then dove down to 2 swings below. You can see by yourself by opening any Forex EURUSD monthly graph.

Concord neither spawns nor warps instantly, so if you're quick you can suicide gank a target, warp out, hit another target, warp out, hit another target, and in theory you can do this for as long as you want. That's what they seem to be doing, at least if their kill/loss to concord ratios are any indicator.

Definitely an exploit according to CCP definition.