Loading ...Never Take Investment Advice from a Cabbie or a Dentist
So take this with a grain…BUT…I am Bailing here
PM candles are Looking Bad
Probably need a Right Shoulder before we move up…but what do I know
Could be a shakeout before the breakout…but I am on defence for now
Tough damn game we play here
I only take investment advice from Bob…LOL
Standard behavior of the PM stocks is when they gap up, more often than not no matter how big the breakout the PM stocks reverse all of the gains and close down for the day.
With the PM stocks there is never a hurry to buy. You can always buy cheaper.
Im sticking with Rambus. I’m trying to get it through my thick skull that he’s much better at this than I am. I have never made money, and usually lost, by trading too much. It’s not just his picks, which are up, some of them way up, but his discipline that is also a big part of his long term winning record. Even today’s drawdown didn’t wipe out all of today’s profit on his picks and they are all recovering now. I’ll get out when he does.
This same sequence took place 7 days ago. Same time. When the Euro market closed. I sold the open. Bought it back. We see.
If you were a serious trader you knew Powell was speaking at 11 am.
I missed DWAC also… AAARRRGGGGHHHHH
PM stock action starting to look constructive with the early day wipeout and steady recovery. One thing enough, even when PMs are in a solid bull trend any time there’s a big gap up, selling at the open and buying back later is almost always profitable.
Three weekly up bars on the GDXJ. What’s not to like?