|
Title: bearish sentiment in a possible third wave? Post by: chessnut on January 19, 2014, 04:24:26 AM So three waves have come and gone, we are in a 3rd wave or a B wave. Reading over this forum many people (other than proudhon haha) seem to think there will be squeeze and panick (B wave) and furthermore, there is a lot of talk going shotr. Would I be wrong if I said all us believers would be quick to close our shotrs if the next surge goes up to $1100 again? I really dont think its unlikely.
I think that maybe early february shotr positions will be closed if no fall comes. The trend is still up, weekly and daily, and on an hourly chart all I see is small 3 wave correction. |