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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (48620)	2/10/2014 12:14:54 PM
From: Rarebird	Respond to of 60929

No problem. I won't belabor the point. Actually, I just mentioned it in passing. No big deal. Once the August 2013 highs are taken out, the hedge funds will power the market into record high territory. I see an inflationary scare coming later this year. March will be brutal for stocks. Keep in mind that although this second leg up will be quite powerful, it is being fueled by technically driven traders, whose orientation is mostly short to slightly intermediate term. That is to say, many of them will take profits at the first sign of this rally stalling out.

To: TheSlowLane who wrote (48620)	2/10/2014 12:38:35 PM
From: Rarebird	1 Recommendation Recommended By silvertoad Read Replies (1) \| Respond to of 60929

Although technically driven traders are short to slightly intermediate term by nature, they are not stupid. They know that this move will easily take GDXJ into the mid 50s at least before more consolidation of a longer duration takes place. As for the Bears, they are "toast" and living in the past, prisoners of their previous convictions. But they will be useful to propel the rally higher than anyone expects. Failure to adapt can be a killer. Looking ahead, after the new all time highs and then some in the Miners and the POG, a great shorting opportunity will present itself. I play both sides of the equation and have no allegiance. I'm only interested in maximizing profit.