InvestorsHub Logo
Followers 3812
Posts 242078
Boards Moderated 0
Alias Born 07/30/2007

Re: NCAR post# 87938

Sunday, 09/25/2016 3:20:37 PM

Sunday, September 25, 2016 3:20:37 PM

Post# of 235130
I doubt that would happen but it would not be anything to panic about. It would be called a overbought chart Fib retrace. It is standard to see 50% to 60% Fib retraces when the RSI gets overbought and we have been over bought for days now and we still keep going. That is because most shareholders are holding tight or only taking minimal profits along the way. The way you are describing in 1 day a huge drop is not how they usually happen anyway the happen over a period of days usually if they do happen. If you have been watching since we left the trips SFOR shareholders are very strong. I don't see everyone wanting to sell at once.

Let's pretend it goes down by 50% on Monday!