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The GOLD LEVEL MEMBERSHIP Trades LIVE
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MARKET TEMPERAMENT –
In a morning of dismal news across the board, traders are piling in at the recent test of the lows seen at the end of October in a ‘buy the dip’ event. Bounces in bearish markets can be fierce so don’t try to predict the future, just become the first adopters in the regions of higher lows. We remain engaged in an intermediate bearish motion, overall. Bounces will still lead to more selling in general, but a sharp bounce could be likely if traders are caught flat footed once more. We must continue to watch our edges carefully. Some traders are still holding out hopes that a Santa Rally still arrives…….