After trading through both bull and bear markets and witnessing hysteria and panic, I’ve learned that whatever method you use to buy stocks, you must have a discipline to sell. When I buy, I look for support levels and oversold conditions so that a reversal could bring about a major gain and the downside risk is calculated. As I wrote in my buy signal in gold in late July, the conditions were ideal for a major move to the upside. Now the conditions are reaching the extreme opposite, it’s overbought and surpassing measured moves and upper resistance lines which mark prior turning points.



http://goldstocktrades.com/blog/2010...-a-climax-top/