Would You Buy These Stocks?

By: readtheticker | Wed, May 28, 2014
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Sign: Behaviour Change Ahead

Are you brave enough?

The behavior of the traders towards these two stocks is to mark down the price, like all rubber bands, they can only stretch so far. Soon there will be no more room on the short side, and the buying will start, that is known as a change of behavior.

Wyckoff logic traders like to see a base form, with an adequate test, a sign of strength, followed by a mark up process to much higher prices. Right now it is early days, but these stocks time in the spot light is coming very soon.

A silver mining stock..

Hecla Mining Company
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A gold mining stock..

Newmont Mining Corp
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Investing Quote

"It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind."

~ Jesse Livermore

"How many millionaires do you know who have become wealthy by investing in savings accounts?"

~ Robert G Allen

 


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readtheticker

Author: readtheticker

readtheticker
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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/