I guess you must hate yourself since you are betting the other way.
this isn't a contest between investors. I am troubled by the mini 5 wave up in SPX. If we see a drop today that could be interpreted as a completed one wave move up. It would show a 2 day drop and that could indicate a big move coming. if we don't get that drop today I must rethink my assumptions.
I still place the odds of a breakout move strong compared to a failed attempt. Rick Ackerman, a die hard bear, would not be showing the possibility of a big surge if he didn't see it. he is as bearish as they get. he doesn't however indicate timing only that this current rally leg can surge higher. One day or one week later it matters not to him.
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