EZMONEY ED AND FRIENDS PICKS

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GV Daily Chart Analysis - Let's not forget that this is a VERY STRONG Bull Market! A normal price correction is overdue but, the last time we had a Bearish Divergence, market momentum held the price in a sideways pattern until support was found from the 20 day EMA. It is a normal occurrence for the price to retrace and seek the support of the 200 day MA after crossing it. That did not happen. That is also a strong indication of a STRONG Bull Market. Market momentum may also come into play here and support could be waiting at the 50 or 84 day moving averages. I think that is more probable than a drop all the way to the 200 day MA at this point. Of course anything is possible. In situations like this, I prefer to let the market take me out than try to second guess it. If we were to have a Key Reversal day on high volume or a break in the 20 day EMA support and perhaps a close below $2.00, that might be a reason to take profits. That is a very small double top formation if it does turn out to be one. So, the effect of it will also most likely be short lived. We do have an Overbought market so that long awaited price correction should come now. But, I would have guessed that at the last Bearish Divergence as well and we did not see it then. That previous bearish divergence is a good example of a case where I would have taken profits only to buy back in (maybe at a higher price) when the price rallied off the 20 day MA and went higher. So, patience is the key here. This rally could persist and the double top could morph into something else before we see a price correction. When the market decides to correct, it will be more obvious than a possible double top. Here's the chart: http://stockcharts.com/h-sc/ui?s=GV&p=D&b=5&g=0&id=p27934386463&a=271094593&listNum=2