The bulls are very confident all 71% of them according to a recent survey... and the bears as of late timid... and I would argue that now may be the last opportunity of the coming years for the bulls to get out, and at the same time a very key moment to short the market.
I know that many of you have had your lunch handed to you in recent months... but look at the charts! The context of this rally is suspect... VERY.
What has been confusing is that the daily charts were giving confusing signals, when you look at weekly and monthlies, the bigger picture gets a whole lot clearer.
We as bears should be bold here not timid. 2004 could be a very good year for us, -maybe the best of the last 3.
This has always felt to me like the last gasp.. the last utterance of life leaving a dying beast.
The downside target for the S&P 500 remains at 500 in my opinion.
ALL US EQUITIES SHOULD BE SOLD NOW. -NO EXCEPTIONS UPSIDE IS LIMITED AND THE DOWNSIDE... -profound
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