re: re:should be an interesting Interesting thread.
I agree that OXR is due for a pullback just like this market. Overall I am bullish the market but, as Gann said, too many stocks have had exponential runs lately.
Best scenario would be a fall, then a consolidation period before the next rise.
Would be nice to see XAO go to 4900/4800 then bounce.
One problem is that charts don't work well at the moment. So often do I see them fail. *Especially* when they point to a fall. It's weird, it's like the market is protected. Or when it starts falling the funds get more money injected by the Fed to buy more.
So the problem with any analysis, expecially technical, is "is this market really normal?"
How fast did copper go from $5000 to $6000? The monthly copper chart is sickening. Clearly a bubble. Yet every analyst is bullish on copper.
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hail the amazing goblin..hehehehehe, page-20
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