Virginia Gun Owners Forum - VGOF

wylde007 wrote:

zephyp wrote:I don't think so... the time to jump on anything is after it corrects...buy low sell high...

A correction isn't always a downward trend.

If silver matches out to historic rates against gold then gold has to either come WAY DOWN or silver has to go WAY UP.

In stock market lingo a "correction" is almost always a significant drop...

zephyp wrote:

wylde007 wrote:

zephyp wrote:I don't think so... the time to jump on anything is after it corrects...buy low sell high...

A correction isn't always a downward trend.

If silver matches out to historic rates against gold then gold has to either come WAY DOWN or silver has to go WAY UP.

In stock market lingo a "correction" is almost always a significant drop...

Yes, but a significant drop (or increase which may also be a correction) is not a downward/upward trend necessarily. For example, it is entirely possible for gold to rapidly drop to $1200/oz, but still maintain an upward trend for years and even eclipse its previous highs. A trend is really just a mathematical smoothing of shorter term activity. There are generally accepted trend metrics (e.g. 200 day moving average), but given the definition of what a trend actually is, it doesn't mean that those are absolute either.

Statistically trading significantly above or below say the 200DMA is a sign that a break towards the other direction will occur soon, but that's only a probability statement.

Indeed but the issue here was whether a correction means up or down...almost always means down regardless of what it decides to do in the future...which could be the next day as it continues to go back up or whatever....great example is the big correction in the stock market a couple of years ago...it went way way down and now its almost back to where it was before...

A little off topic, but an fyi: Gatlingun is sure to lob a nade in this thread soon, so I just dug a foxhole for anyone who wants to use it.

TheGodfather wrote:A little off topic, but an fyi: Gatlingun is sure to lob a nade in this thread soon, so I just dug a foxhole for anyone who wants to use it.

I'll play along...


any atheists in that foxhole?

gunderwood wrote:any atheists in that foxhole?

Yes, several. Just no gay atheists.

If you need to take a dump, please use the CNN jouralist's helmet.

Also, smoking is only allowed on the far right edge when the wind is blowing towards the east.

I got dibs on that far right end...good place for me anyway...on the far right...

zephyp wrote:I got dibs on that far right end...good place for me anyway...on the far right...

I wondered if anyone would notice that.