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

To: zamboz who wrote (48639)	2/10/2014 8:14:45 PM
From: SwampDogg	Read Replies (1) \| Respond to of 60929

just look at a chart of FNV and it will clear such foolish thoughts pretty well took news highs on the $SPX for the market to wake up to the fact that it was not just a bounce:)

To: zamboz who wrote (48639)	2/11/2014 1:52:53 PM
From: Rarebird	Read Replies (1) \| Respond to of 60929

<<Looking at a longer term chart, it still looks like there can be lots of upside and still be a move up within the bear.>> Honestly, that sounds like the typical pessimism and negativity I always hear near the end of a brutal bear market. This rally is far from over - though 2-3 days of consolidation would be healthy too as the pause that refreshes and provides renewed vigor. Break outs from a pennant formation are very powerful. Don't underestimate them. Short term technical traders are now all over this rally. They will come back to it as their bread and butter time and again over the next few weeks. Beware when the intermediate term traders and so called longer term investors come on board. Guess what? New All Time Highs are a coming. Scepticism is always constructive during the early stages of the bull.