Support has held once again, and prices have reversed this afternoon. We need to be paying very close attention, as the turn is due, but in no way required or must happened. But, it could be beginning to take place. What’s going to happen? The longer support holds, the stronger it becomes.
This IS bottoming-type price action, as NO ONE is ever afraid near a top, and fear is always greatest around lows, and right now, much fear and concern is being generated by this kind of price action.
If you feel fear, the bottom is closer than the top. And, whenever you feel exhilaration, the top is much closer than you believe!
Here’s to your accumulation of real wealth!
Harold F Crowell