Quote from Rearden Metal:
NOV 26, 2007
Even if the bull market is over (and like I said last week, this is indeed the toppiest looking market I've seen in years), once we're done testing the August lows we'll almost certainly rally back up above 1520 (spooz), to form the right shoulder.
Triple tops are FAR more common than the double variety.
In the near term, the above scenario makes for great trading... However, in about 6-9 months from now, once the market has fallen and can't get up like a geezer in an early 90's TV commercial, we'd then be in for 3-5 years of pure feces trading.
Think 2001-2004... Barf.