Loading ...I highly suspect that the outsiders that hear about and see the gold market climbing, then they all barge into our “play ground” on the highs, and on the early dips they all start selling out on losses.
They tend to drive us too high above normal, then drive us down below normal. WE just have to wait until the idiots have nothing left to sell.
They are probably doing the same emotional thing in the semi conductors now. Take a look at SOXL semi bull. That thing will start dropping and I’ll be buying SOXS semi short.
Check out the two high volume bars that often predict a shift or rotation.
I just bought 200 shares, if it goes down 10% or $270 I’ll cash out.