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Re: lizzy241 post# 398627

Wednesday, 01/18/2023 11:22:55 AM

Wednesday, January 18, 2023 11:22:55 AM

Post# of 425969

OK ppl time to back up the truck.



That's not what the chart says. The chart says Unload last week (post #398339) at the resistance of the down trendline.
In fact, the TA signals have been spot on. A beautiful price squeeze developed and popped like a zit - rocketing prices up 70% in 7 trading days. This same pattern occurred on virtually the same first Friday of January 2 years ago.

Now, like then, resistance of the TL has attracted bears.

Crazy how "investors" have repeatedly ignored the ominous down trendline in favor of forth coming "news" or "events". To do so is truly financial masochism.
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