4 days and, 75 to 104.
Bull trap , Reversal or Bubble-Bubble. Playing wait and watch.
Prediction: $65 within 14 days.
Although it might sound absurd, i'm sticking with it.
Bull trap , Reversal or Bubble-Bubble. Playing wait and watch.
Prediction: $65 within 14 days.
Although it might sound absurd, i'm sticking with it.
It is a very violent move up and one can argue we broke through resistance. But, the indicators are all overbought, I'd hate to enter now, especially being under 100. (Even 110 ish)
Also, the very large buyers that got us here might want to unload some. As they go, so do we. It all depends on the big money but sooner or later we have to finish the correction (I would think.)
I noticed they are doing exactly the opposite people here think. Nobody was expecting that rise in the price last week. Now everybody expecting a dump but it wont happen. When you start to feel comfortably and buy back at $140 then they will dump.
Quite often that is true. But those few who spent millions causing the price to rise last week did so with the technical indicators on their side. That is the part that is really tough...
And true, if we are expecting a dump, maybe it won't happen. Really, it is a crap shoot, even when you "know" what you are talking about.
