NVDA medium-term sellers in control; avoid blind dip buying despite long-term uptrend.

- and we'll talk about " Nvidia" in a bit -

Speaking of failed hacks, let's talk about Nvidia because Nvidia is the perfect example, and that's exactly what I've been saying to subscribers here.

So, let's clean up all that mess, and that's what we've been looking forward to, which is retreat. Now, what we have seen, and I have spoken, if you go back to the archives, as you know, a few weeks ago, I spoke about this breach.

I talked about this breakout, and this breakout, and then this week I was talking about this breakout, and although those breakouts may seem to work for a short period at least , in the end they usually see some selling.

Why? Because breakouts following an extended move will usually result in profit-taking. We saw that, did n't we? So, you know, this is the fourth time in a row that we've seen at Nvidia that you shouldn't buy these extended heights.

If you buy it, you are trading it on a very short timeframe, and you keep your risk under control. So, in Nvidia here, what we saw was a really good pattern, higher highs and higher lows.

The lower bottom has been broken right here. That was the right time to say, " Okay, I'll get some profits out of here."

Now, we will most likely fall back to the 20-day moving average, and maybe even the 50- day average, and then we will see what happens. However, it's a step-by-step process, and now sellers are in control in the medium term.

In the long term, the trend is still upward, but don't buy blindly at dips.

You may have bought at 238 thinking that the five- day moving average would hold, or bought at 234 or 230 thinking that the price had fallen too much . In both cases, everyone who bought in the past few days and is still holding onto the shares is losing money.