Tuesday, May 18, 2010

This is a scenerio that could easily play out...



http://www.marketoracle.co.uk/Article19546.html


by Nadeem Walayat

I would agree with Nadeem's analysis as a possibility, watch the readings over at Sentimentrader.com, if sentiment hits a bearish extreme as the Markets get near the lows of last February, exit all bearish positions, and wait for the end of the 'C' wave to renter them...Although I can see a potential exponential channel forming (previous post) it is quite tentative and can be overruled if sentiment gets excessively bearish too soon...then the scenario Nadeem provides becomes more probable...

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