.....................Volatility Is Our Friend Baby
When you see NEM drop sharply from 50.55 to 49.35ish intraday that's a -2.37% plunge/volatility spike that portends strength in an upcycle (cycles being the most important market timing consideration), because high volatility has a high correlation with fear. Low volatility has a high correlation with complacency. Also, the huge spike move that began yesterday had to correct some. Ciao
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