You might also know that I tend to dabble in some chart work (on the SLPY)... For a couple of weeks now, I have been talking about CHART GAPS at the 1116 - 1126 levels (and how those might come into play in an extended P2 scenario which effectively tests the resolve of BEARS that the January 1150 level was indeed [or was NOT], the pinnacle of the P2 rally). You could say that CV almost assigned his "down home" version of a TRACTOR BEAM on those levels...
Well... Here we are, in front of those levels... I gotta say... It's TOUGH being a BEAR in this kind of market... For every day now (for almost a year running), it's like the world is against you... Worse, "the world" has the 3 stooges (Ben, Barry, & Curly ["Timmeh"]) at their disposal... It's like EVERY SINGLE DAY they think they have the power to say to BEARS...
Meanwhile... You're like... ("Jane...Get me off this crazy thing!")...
CV is going to try and hold on for a bit longer and ride this pony to the finish... Otherwise, again I will be the UNCLE of the my featured post from a few weeks ago... But I can say that even in the frozen tundra of the winter, it's possible to scratch for food...
But aren't BEARS supposed to be hibernating in the winter anyway?
SPX HYPOTHESIS - Updated 3.2.10 (1:00PM)
