The last couple of days have been kind of disappointing on the short side, so this post will be simple and to-the-point: I just want to show the major index charts and my "uh-oh, this isn't going to work out very well" points. A violation of these price levels would be pretty detrimental to the bearish argument.
Oh, and for those of you not in California, let me give you our latest neighborhood gas prices. Only 9 years ago, my friends and I would make a game out of how cheaply we could find gas – – I think 79 cents a gallon was the record. My, how times have changed.
