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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%Dec 3 4:00 PM EST

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To: Zardoz who wrote (27593)2/2/1999 4:51:00 PM
From: Cynic 2005  Read Replies (1) of 116791
 
<<I still see the big correction occuring in April, not now. Think the funds will run the markets before fund season occurs. It's in their best interest to flood the money into the markets. >>
H, It is also in the best interest of the funds for the markets to continue to go up forever. Why stop with April? If only they can do keep the markets up forever! I don't think they can. None of the street smarts work for "make the other guy rich" charity. If some of my shares appreciated 100% in short order, I will at least pull some of the money out - regardless of my short-term perception of the market. If things like breadth, bonds, $ etc are bothering me more, i will take more moeny out. It sounds logical to me.
The question is, the profit muscle is at the base of the pyramid (those who bought at very low prices.) When this base is tempted to shift, the whole pyramid collapses. So, IMO, The sentiment to watch for if the urge to take serious profits.
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