The broad market continues to weaken and as a result it is becoming increasingly dangerous to trust buy signals.... as the signals they generate are passing through a state where selling has what appears to be the upper hand... It is possible to have a legitimate buy signal... but the odds of finding the one that is trustworthy is like finding a needle in a haystack.
Technical analysis suggests the broad market is passing through a period of transition moving into the Doldrums... It would be wise to adopt a very cautious approach and if acting on TA buy signals.. keep very tight mental stops for controlling downside risk. Look for baby out with the bathwater... and don't under estimate the length and breadth of a down move in a broad market soup.
The first 2 charts displayed in the Stockcharts Public List link (below) suggest further downside for both the TSX and Venture.
GLTA Lostoutwest
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