I can’t believe what I’m watching right now…

Here we – are the neckline of a beautiful island top and the fucking bears are unable to breach and fill the gap at least. My hopes at a retracement anytime soon are starting to dissipate. This turd is simply not going down – it’s ever-buoyant.

Dark times to be a bear…

4:15pm EDT: Alright, I just had a long chat with T.K. and feel a lot better. He recommended that I mark my calendar today as I seem to have reached an emotional low – which I did. Then he told me to STFU and go bang my wife, so I penciled in some freaky time with the Misses.

Seriously, the [...]

10:45am EDT: Four digits on the SPX are now in reach – no doubt we’ll touch that mark sometime today:

The Zero Lite is showing a major divergence but nevertheless I’m not crazy enough to step in front of that train (yet).

Ben just earned himself those coveted austronaut’s wings. All is well and the nation is at peace again – the economy has been safed.

BTW, how many of you remember me predicting SPX 1000 several months ago?

11:00am EDT: Today’s theme song:

BTW, look what’s been lagging equities:

Meh – probably doesn’t mean anything…

And the winner is… [drums rolling] …. Goldman & Cronies for best actor in the portrayal of a sickly market ready to breach to the downside! [applause & standing ovations]

Seriously, today’s tape had fishy written all over it. Those gyrations might have fooled some of the hobby bears but I was not impressed. Yes, playing the swings might have been fun – if that’s your cup of tea – but towards the close I mused right on my Zero chart that the bulltarts would have to get a move on to make it to their EOD spike to the upside. Of course the usual suspects didn’t disappoint and we have already gained five handles after [...]