"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, May 26, 2010

Good call? No, not really

Subscriber Doug:

"Many thanks... Closed most of my shorts on Thursday, Friday (and the rest on Monday)...

With a large bit of the thinking being based on your Thursday alert that, yes, the mass psychology was oversold.

Good call. Looking to go short again mid to late next week."

Thanks Doug, but it was all your call my man. Seeing as how I cannot possibly predict anything but rather, merely point out risk vs. reward at any given time.

The stock market is mucho bearish. It's just that risk came into play for bears as well, joining the dopy bulls.