I took 20 percent profit, will reload (hopefully lower)Weed chart showed profit taking at the beggining of the day, a double top, and then we couldnt make it back over said double top a third time, its typically a signal that we are due for consolidation and the bulls are tiring...
As all these stocks follow weed's lead, and with weed rsi being in the 81 rsi range i figured now is as good time as any
I definately could be wrong, but keeping some powder dry is always a good idea.. especially at the end of a run..
This has run since last week, that is a long time with no real pullback.
Last year, i clearly remember the stocks defying odds and going to 100 rsi..
But i get the feeling that wont happen again.
PROVE ME WRONG BULLS I WILL BE HAPPY IF YOU DO.