some call it "the penny dropped" day... I call it a brain...

some call it "the penny dropped" day...

I call it a brain snap... and I think you may be right BUT until the fat lady sings there is no chance you will sell and walk away...

I wouldn't - simply because I most of the time look at the chart for a confirmation and that chart tells me "a pregnant pause".... from a technical POV this had run ahead of itself and in my TA post I had mentioned " OVERBOUGHT"... 2 things happen in that case - (a) a rapid decline or (b) loses the plot and aims for 15-20 trading days without falling in a heap (but does lose 5-10% of the value)...

we are in TYPE (b) fortunately... and on top of that GOLD has lost the plot completely - it was on a nice little canter upto March and now doesn't know where it wants to go... for AAR this gold move couldn't have come at a more worse time...

I think we may see this type of listless movement on AAR and GOLD for the next 8-10 days more before it can set on the right track...

if this falls to 6c or under, it will lose the special status I have for AAR.... until then I will hang in here... for me it is still not a man's best friend but an equine being...