I'm bullish on ETC, but its gonna take a fight.
the ETC from the DAO will be released + the hacker's ETC is available + some new exchanges are allowing for ETC distribution.

I think its largely in the price, but we could see some volatility in the next few weeks before the market can rally hard.

After all, on Day 1, almost all the ETH longs (i.e. everyone except for the guys in the situations above) could sell their ETC. Still ETC rallied hard. So with much less supply than on Day 1, I feel it can be absorbed as well. but where would be the bottom ? difficult to tell. Maybe its already in, maybe not...


TLDR: I think 5 weeks from here we will be significantly higher than now and rally mode, because the supply shock will be behind us, but in between it could be quite some scare.