thanks...just FYI, one 'PSYCLE sm' tenet, is to notice, how true BOTTOMS are often formed on LOW volume, and, often, the volume only gets large, AFTER it pops, dig ? that's because, as I teach, most nice intelligent people only act, after the horse is out of the barn, so to say...."waiting for assumed good fundamental news" (and never employing stops or diversification correctly) will assure less-excellent traders/investors will always be paying up, instead of actually buying near probable lows, right ? but this is a good thing to learn/take advantage of, from a 'PSYCLE sm" p.o.v., since it gives US an opportunity to buy long in quiet depressed times, and then do our selling (or shorting) when people are too excited, in parabolic tops, etc.,
last, your volume comment IS germaine, in that, after a pullback, GST may still get a shot at it's upside target, as a normal follow-through
....so, best wishes, take care, and e-mail me off line if you wish background/info. on me and my "PSYCLE sm" concepts.... |
