Rates are going to stay at zero at least until the election is over. That being the case, the market will continue to go up. We should get a tradeable post-election correction but if rates are held at zero we may not even get that.
Actually, you have been proven empirically as an outstanding contrarian indicator. You've made it ! You have an excellent track record and are worthy of being published and promoted in the media ! Fading you since early December 2011 has been GOLDEN.
March 12, 2012
THIS EXCELLENT CALL AND INSIGHTFUL CHART RECORDED FOR POSTERITY.
[color=light blue]March 8, 2012 bone
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There is NO competent technical basis to be calling a major market "top" in the S&P. None.
... If I was already long, I would lighten up at 1370 ( last Fall's highs ), 1425, 1500, and short 1575.[/color] http://i40.tinypic.com/33o5gxu.png
March 22, 2012
MORE EXCELLENT ANALYSIS & INSIGHTFUL CHARTING RECORDED FOR POSTERITY.