![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh54zu371nGic1ufF6GNQ6AWs5UkDOk85_f60B9RiFaKFMyr50HfMEFrObbVuQgHA7-kKrkXlXR2asys0EAlVgKkNXRW9DGPLAT70fNLBwUEe7GCCAS9WYILNyzW0_jCqLRvavuQFffeXk1/s320/dow-may16-1.gif)
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...
No comments:
Post a Comment