Post
Topic
Board Speculation
Re: Consolidating Trend -- A Page From Arepo's Notes
by
arepo
on 07/01/2014, 12:27:21 UTC
s'all about natural systems  Wink

true that Wink

Quote
... I think most will be waiting to buy lower or when it's a bit more stable....

yes, but will anyone be selling? that is the key. if the HODLers hold and the fearful watch, then we will consolidate sideways and not slip into a bear market. the steady underlying buying pressure will buoy us along with the trend, and we will reach Sunday's peak in a couple of days. we need to see some renewed selling pressure today to break us out of this consolidation pattern and into a real mid-term correction.

--arepo