GREY:GUYFF - Post by User
Post by
galena03on Feb 27, 2017 5:09pm
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Post# 25901593
Dropping the way I see it.
Dropping the way I see it.
As I mentioned, Not to take any kudos, It looks like we have topped out for a cycle with Guyana.
If you look when the cycle started Dec 16 (With the high VOLUME that day for Guyana to me said if I was right in my prediction that when the stock moved up you would have a bigger % move for profit than some other gold stocks.) Just look for this when you expect a change in the trend This volume is not always there at the top or bottom of a cyle on all charts.
My tech signal for short term pause or down signal came on feb 8 which I mentioned and I thought it would be smart to take a profit and wait until it moves back over $8.00 and then buy.
So on feb 14 my signal for a cycle top came so I am not in any gold stocks now. But do remember after this drop, the cycle the way I see it can continue up again but looking at the $GOLD futures chart. The trading today shows it has hit my cycle top too. So if it turns down we may continue down in gold. But remember Trump is speaking tomorrow so this may be a abberation and you might have a blip and things could change quickly.
One other thing I noticed in the futures chart is the cycle can top before the stock prices or after ther stock prices top or the two may top out together, then you have a potent signal.
I'm waiting until I get a clear picture.
A person should remember to think seriously when using the right head. No offence.
This is just a opinion.