Good Post TANOTFA..
Yoe the process of a retrace basically clears out the weak and Stale holders... This is a critical part of any rally as once the deadwood has been dropped off it clears the way for an easier passage north and a continuation of the rally. ie there is less resistance now. The more experienced traders/investors will realise this and take advantage but buying into the troughs...
This is what is occuring now IMHO.
game: spot the odd one out ?, page-71
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