A diary of the thought process behind my investment decisions
A possible scenario is that we get a fakeout breakout in the coming days. A lot of people are looking for QE II to be a sell the news event and want to buy the ensuing dip. If we breakout everybody that is still looking for a pullback will likely throw in the towel. At that point sentiment might finally reach a bullish extreme and the market would be ripe for a correction.