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Non-Tech : The Woodshed
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To: benwood who wrote (60212)12/9/2020 6:52:02 PM
From: benwood  Read Replies (1) of 60918
 
Looking at gold. In the last big bull, the 140 dma was support for all but the first intermediate correction.

In the last big correction in March, initial attempts to regain the 140 dma were rebuffed.

Today, the smackdown occurred at the 140 dma. Volume in March, however, was big, which is more typical of a bottom. Strong hands holding now, or another shoe to drop?

There always seems to be one more shake out to pick the pocket of dumb money. Just lint in the pocket today?

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