Shorts beware!
Note Time Knight's warning:
"please consider the graph below a HUGE warning sign; the risk of a breakout is very, very real, and it would be devastating for the bears."
I dunno, Karen. I hardly ever follow Tim's blog but when a self-professed permabear like him breaks out in sweat and implores for mercy, I guess ya gotta listen! Personally, I ain't given up on the bear market scenario just yet but I might need to reconsider if this market don't fall anytime soon.
Honestly, after I saw the DOW break 13,000, I knew I was finished.
I made a grave miscalculation, and my loss is irrecoverable.
I'm done.
I don't know how the Fed did it, but they did.
Good luck!
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