OTCQX:GXOCF - Post by User
Comment by
Steelhead15on Aug 25, 2013 1:50pm
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Post# 21696218
RE:profit taking
RE:profit takingOne of three fundamental things could happen here. I know, posters will think I'm being too simplistic. But, often it is this simple. I can't see around corners so I've got to rely on simple basics.
It looks like it is building a base. Seems there are as many buyers as sellers. Which group will prevail? Up till now, the US FED has printed the market upward. If the FED pulls too much money away, things change - I'd say we switch to risk off mode.
1- Build a base
2- Go up
3- Go down