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Message: Re: Larry Edelson-vid

kim
Oct 31, 2011 08:46AM

Still can't understand how Larry can be so bearish. I don't know what technicals he's looking at that tell him the markets (including gold) are headed lower. What part of a quick 15% gain is bearish?

Of course, any large sudden gain will send the markets into overbought territory, and that's certainly the case right now, but it only means pullbacks should be expected. When an uptrend is this strong, pullbacks should be bought. I thought that was Trading 101.


kim
Oct 31, 2011 11:01AM

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