DMCF
45 posts
@DMCFine1
Congress is the opposite of Progress. Investor in elements. Autodidact. Polymath. Philomath. https://t.co/ZtXLQg6PEp
These intermediate degree corrections serve to clear sentiment and build the fuel for the next leg up. They usually unfold as either a sideways churn or a scary ABC correction. In the churn scenario sentiment is cleared by frustrating traders. They have the memory of the good times where price was moving higher and they want that to return quickly. In the churn it takes up to several months to create the fuel (lots of negative sentiment and doubt) for the next leg up as traders get more and more frustrated and then finally become convinced this s**t is never going to move, and they go looking for something else to trade. That's of course when the asset breaks out and the next leg up begins. The scary ABC correction is different. It creates maximum fear and pain but it does it relatively quickly in a matter of 5-10 weeks. These kind of corrections build the fuel by scaring the crap out of traders when the C-wave breaks the A-wave pivot and makes a lower low. Traders become convinced the bull is over and you get a huge surge in volume as dumb money retail and hedge funds panic out right at the bottom. But there is always a buyer for every seller, and the buyers of this panic are the smart money traders. The people that know the fundamentals haven't changed and that this is only a normal sentiment reset to build the "fuel" for the next leg up. This kind of intermediate correction can and usually does spawn a slingshot move back up. That is a very rapid and aggressive rally that quickly gets overbought preventing timid traders from re entering until they finally FOMO in after many percentage points have passed. We haven't had one of these scary ABC corrections in metals in a long time. We are finally getting one. Once we get that final "puke" moment (probably sometime next week) metals (and the stock market) will be set up for a slingshot move back to the all time highs and on to new highs, and in the case of metals big new highs. Below is an example of a slingshot bottom in the stock market. This is not the time to puke your shares/oz./contracts to the smart money right at the bottom. Hang on so you catch the slingshot move back up. smartmoneytrackerpremium.com
A precautionary note for $hg $hgraf investors: in the coming days and weeks we will have -20% days and even greater intraday drops just based on regular volailty. Excepting this before it happens WILL make it easier to stomach. There most likely won't be any reason for it,
$HGRAF $HG.CSE investors are in for a reality check. Should have done their homework capybararesearch.com/reports/hydrog…
Do you know what graphene is? It has the promise to be a near-miracle material, making many of the things we use stronger, more efficient & cheaper I'll be releasing an interview next week w/ the CEO of a graphene company Take a look at its stock performance over the past year
