Friday, March 1, 2013

GMG - Distribution Followed By Breakdown



I remembered I had a few people asking me during seminars and previews about the outlook of GMG. My answer in a split second was it looks real bad. Today the BBs revealed their true colors by conducting a breakdown! GMG was obviously under heavy distribution which contributed to the breakdown today. To those who asked me about GMG during the preview, I hope you did not long this counter or would have already cut losses by now. Will I see you again tomorrow for the preview? I don't know, however please introduce yourself if you come. :)

Ronald K - Market Psychologist - The Big Speculator