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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: SwampDogg who wrote (11665)5/19/2006 10:14:31 PM
From: E. Charters   of 78418
 
Today's market violated the universal pollyanistic law of market flux. This view holds that stocks when rising must continue to rise until something obvious tells you that it is time to sell. (i.e. The Fed announces that markets are overbought and must seek lower levels to sustain indices.) Then the market moves sideways in time for all holders to sell out. When all previous buyers at lower prices have sold, the market then drops gracefully. This is also known as the Cloud Nine Hypothesis of sustainable markets. It is buttressed by the statistical theory that the birth rate of new market entrants ensures that there will always be buyers at any price range. This was first put forward by the PhD market theorist P.T. Barnum, who based ticket sales for his sideshows on the statistic that new seat holders were born once a minute.

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