I’m doing this from a parking lot, so it’s going to be brief.
I’ve noticed a variety of (vastly inferior) chartists have been pushing the notion that “the mother of all trendlines has been broken.” WRONG, WRONG, WRONG. It has NOT. These nitwits can’t draw a line to save their lives. Anyway, take it from your permabear buddy, no one WANTS this line broken more than me, but it ain’t broken yet. If anything, bulls should be arguing for a major bottom here. I assure you, if it actually does break, I will NOT shut up about it.
I direct your attention to a post from July 27th called More Roar. It is the most “give-up-ish” post I’ve ever written. I had thrown in the towel against the sons of bitches known as bulls. They won. I was done. I had lost. The post marked the MILLISECOND of the market’s top (of course).
Mercifully, God didn’t make this boy into some kind of quitter, so, against all odds, I kept fighting the good fight. Let’s just say I have been richly rewarded, with a tremendous rise, beating prior highs and allowing me to make all KINDS of obscene gestures to the bulls along the way. Allahu Akbar, baby.
The darkness: Powell. Yellen. Bernanke. Greenspan. Goldman Sachs. JP Morgan.
The light: me.
I’m sticking with the light.
