Yes, Haim it's that Pammy thing, isn't she sweeeet -g-
timely.com
Internets are toast, the kind of top we made today on yhoo is typical of every top in yhoo, amzn, yadda yadda, that has been made this year, a tall wick up reversal at resistance, you can even count and ABCDE rising bearish wedge, and if todays high stands a continuing series of lower highs and lower lows.
No doubt we will get some bulls in who are salvating at a buying opportunity tomorrow, but i would use any strength to get short (or shorter -g-)
Look at the parabolic tops and reversals in AAPL and GTW, these guys have a lot farther to fall, look at wcom, double top then an ascending wedge up against the 200 dma and the baseline, it's another accident in the making
They are blaming this thing on balmer, phooey, he said this stuff before, it was all my fault for posting the ascending triangle chart on SOFTIE, which is gonna be the biggest bull trap of the century, then Orenthal James, chimed in with some more irrational exhuberance to solidify the jinx -ggg-
The bulls were waiting for the final piece to the puzzle on the inflation front, they all said that weak gold means no inflation, the boe auction and the rising lease rates have clued in a lot of people on the real state of the gold market, we got platform shoes back, everybody got there new gas guzzler fresh off the showroom floor, higher oil prices and soon to be higher gold prices, makes you just want to pull your white bell bottom suit out and disco -ggg-
Oh did i forget to mention the inverted yield curve of a year ago.
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