Post by
stockinup on Aug 11, 2020 2:57pm
Oh The Carnage
Lot of stop loses getting triggered today as well as profit taking. Great thing is though, the market needed this consolidation to build strength for the next leg up. Nothing has changed in terms of fundamentals of this bull market. We seen this coming because the RSI was telling us it was coming soon. It was way over bought in the short term. Only problem is its poor timing for NFG beginning trading tomorrow. We may see some residual effects of their IPO but last week would have been so much better. IMHO SU
Comment by
stockinup on Aug 12, 2020 10:29am
https://goldseek.com/article/gold-update-intermediate-correction-underway