From now on i will watch several different industries to time my trade entries with the S/R tests in their industries. Might as well get in for a reversal if the whole group might reverse too. the more the merrier.
This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Thursday, September 16, 2010
This chart, the non-stop comercials about buying gold, hearing how gold miners are buying each other out to get ready for a huge increase in gold prices, something like 40% of gold buyers right now are "investors" when normally its below 10%, its been on a decade long "rally", my mom mentioned buying gold a month ago,................seems pretty OBVIOUS TO ME that there is a very good chance of gold prices collapsing soon. Buyers will lose steam, demand will shrink, price will drop.
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