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Tech hits lowest average in 12 months
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The PiMan Eatme
Public Haulage And Trade
#1 - 2013-01-07 09:22:40 UTC
Looking in Jita Tech yesterday hit its lowest average for the year.


Are the reaction changes having that big an effect on it or is it due a spike again soon?
Hemmo Paskiainen
#2 - 2013-01-07 11:40:43 UTC
Someone is quik selling a big pile of tech, all my hugh buy orders are filled. I suspect someone knows of the incomming second tech nerf!

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shar'ra matcevsovski
Doomheim
#3 - 2013-01-07 14:55:11 UTC  |  Edited by: shar'ra matcevsovski
Tech is on the same level for roughly two months now and even the "12 month lowest avg" headline is untrue. I wouldnt touch tech even if it would look like Jessica Alba.

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Felicity Love
Doomheim
#4 - 2013-01-07 15:46:00 UTC
I blame all those Key Passes being reprocessed.... Roll

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Varius Xeral
Doomheim
#5 - 2013-01-07 16:21:58 UTC
I'm sure somebody has figured out around where the bottom "should" be, though that analysis rarely holds true in Eve where the fact that it is a game tends to alter normal incentives.

Totally pulled from my butte, I'd say we're not there yet.



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Vaerah Vahrokha
Vahrokh Consulting
#6 - 2013-01-07 17:14:58 UTC
Varius Xeral wrote:
I'm sure somebody has figured out around where the bottom "should" be, though that analysis rarely holds true in Eve where the fact that it is a game tends to alter normal incentives.

Totally pulled from my butte, I'd say we're not there yet.


Talking about butts, looking at the yearly chart, around August it's very easy to see a so called "W shaped double bottom".
Now, until *1* daily bar won't close below it and get the so called "confirmation" (pull back + tank more), its base or "support" has held price and the double bottom is still valid. Until it's valid, price is ranging and not tanking further below.

If that double bottom is broken, then it'll be free fall, there's NO traffic around to slow price down so it'll go quickly to the next lower equilibrium, bringing in fast and harsh losses to whoever still holds it.

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Kimimaro Yoga
School of Applied Knowledge
Caldari State
#7 - 2013-01-08 23:03:46 UTC
Varius Xeral wrote:
I'm sure somebody has figured out around where the bottom "should" be, though that analysis rarely holds true in Eve where the fact that it is a game tends to alter normal incentives.

Totally pulled from my butte, I'd say we're not there yet.


A few months back I asked some people who're good with POS reactions what numbers they were getting for a long-term floor. In round numbers it was over 70k in order for the alch reaction to just pay for itself, meaning about 80k for a fairly stable level. Seems like tech has sat within a few % of 80k for a while now.

Bear in mind that a couple months ago there was a relative shortfall of tech (and possibly relatively high demand) due to the war being prosecuted in the Tribute and Vale regions. Now that that's in the past, and presumably production is back to full speed, I would think that the price isn't going to spike in the foreseeable future. If anything, relative stability in large parts of nullsec means fewer T2 ships going boom, and so demand is liable to stay somewhat low.

(Disclaimer: I'm just a grunt in my alliance, I have no insider knowledge of tech production)

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