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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (6242)	10/22/2010 11:16:55 AM
From: Rarebird	Read Replies (1) \| Respond to of 26251

We'll find out soon enough....What I see is the smart money clearly selling into rallies and accumulating short positions on mini-blowoffs. You are right about Gold, of course, but that is a very early lead indicator. That is to say, the Dow and S&P can hit new 52 week marginal highs while the Miners continue to languish. There is no question in my mind that these markets are headed toward a tremendous free fall during the time periods I specified in my early morning post. Successful shortsellers are not impatient. They have tremendous respect and fear for the power of the bull. It is better to be a little late on the short side than to be early, as there is some risk for a blowoff, especially in Gold.