vt.<Disbelief>? Remember the disbelief when this PM rally
began it's big acceleration phase, in early/mid December? Several tried to fade me here in posts at that time, when I announced that I was at my lowest cash position in several years.
Recently, the right side of the market has been to disbelieve and sell into the vociferous exhortations of the PM perma bulls. They ALWAYS roar loudest and most rowdy at significant multi-month Intermediate Term tops.
OR.....to put a finer point on it? :o)) Belief in - The Perma Bull Applause Meter - which to the FEW real contrarians here rendered the final, unmistakable SELL signal.
The first my stuff signaled it was time to start exiting in a serious way was 1/17. Initially, it looked like just a good dip, as the post ref below clearly says. But enough of a dip for me to take Intermediate Term profits on large positions I'd been long - without trading - all the way up from early/mid December.
Message 18458291
Immediately got a little flak for that one. So, what the hoot I said to myself, why not take a week off and let the bullish topping frenzy take it's usual course. Let the kiddies enjoy their 15 minutes of fame:o) So? I stopped posting entirely, for OVER a week, and concentrated on continuing to take profits in the PMs (AND on my gasser kennel).
But, even a week away wasn't enough for some perma bull <critics>. When I resumed posting on Sunday (1/27), several made a mad charge for my ankles within 24 hrs.<lol>
Wow, this must be a bigger top than I thought, says I<g>
One, a real hater, has been stalking me since last Summer. Not everyone may agree with me, but I always given those gems a good hard slam of the door post before pushing the ignore button.
One even admitted to being ONLY TEN YEARS EARLY in buying the PMs !!! And, then proceeded to take aim at MOI and several others here with one baiting sniper shot after another.
<ROFLMAO>
How did ole Joe Granville put it?
<Bagholders aren't even polite when they want to hold the bag, at the top. They rudely snatch it out of your hand>
Ignore the worms. But ALWAYS pay close attention to the rude bagholders. They're the best contrary indicators of all.
Isopatch |
