Rallies15 Nov 2018 08:23
Every time an instrument that has been beat down goes up, ppl say it's rallying, the lows are in blahblahblah
Nothing goes down in a straight line so any bounce, ST rally, DCB, retracement is just that. Ppl dont learn and that's why they lose.....
Oil may have a ST rally; it isnt going back to the highs and def'y not over $100
Gold is $160 off its highs, fell to below $1200 and b/c it goes up $15 back to where it ws 2 days ago, apparently it;s back in favour! Lol!!
Indices rallied last week but still off their highs by 10-20% and bulls think they're back in control until yday when we see lows again....
A bounce is exactly that. A bounce!
And shd say gold make it to 1300 or oil to 70s that's hardly an achievement seeing as they're still significantly lower than their ATHs.....but ppl fall for it every single time......and end up getting burnt..................