Preface to the Preface! Last night, as futures went absolutely roaring higher, taking everything green, I tweeted the following:
Wait, what? Is Tim insane? Well, yes, but that’s beside the point.
Why would I say such a thing, though. It’s because of one thing. The SHAPE of the market. Everything that’s happening makes sense. The phrase I’ve been using the past few weeks, particularly during rallies, is: “It makes all the sense in the world.” Last night’s rally did, too. Because I knew in my heart that this was bound to take place:
My only regret is that the rally didn’t last until Tuesday morning, because I would have simply loaded up on MORE short positions, since there are so many ungodly gorgeous patterns out there.
So there we go.
Preface to all six parts: During this President’s Day Weekend, I have taken the 90 items from my Bear Pen and broken them into six equal posts. In each instance, the first five charts are free to everyone, and the other ten are visible to paying members of Slope. I have zoomed in on what I believe is the most appropriate portion of the chart, and hopefully my drawn objects will make the logic behind having these as short-sale candidates self-explanatory. I am not short all of these, but I do have positions in 43 of them.
As an incentive, we are offering a lifetime 33% discount on the Bronze level of service. For just 9.95 per month, you’ll get all the benefits of Bronze, and you can cancel at any time with no further obligation. Join and enjoy the benefits!
