some good points being made here.
gold is still in a technical retrace.
dow has fallen one night only.
if dow really collapses then all stocks suffer including ncm etc.
if dow has a minor retrace this week then gold will have a minor bounce before it resumes its falls.
i am waiting for the next big collapse for a safer entry point for substantial buys but do have some day trades.
yesterday ncm was a safe buy at its first support at $27.70. I missed the boat and then bought at $27.79 but as a very short term trade. it bounced off $27.70 beautifully.
today the safety margin is reduced. it should close higher but today is a gamble and not a trade.
I am horrified at some of the risks being taken especially on gold and ncm.
enough said.
good luck all and happy and safe trading.
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