
This Bear is just sleeping, but he might as well be dead, as the bulls are killing every last bear out there! Will this poor fellow be next?"
Are all the Bears dead now? It seems so, as other blogs have given up on the market and are closing up. Over on Cobra’s blog (who’s isn’t closing, by the way), a commenter mentioned that a blog called “Trading the Odds” is closing up. He also stated that another blog had closed too, but I’m not sure which one it was?
Then there is my friend Anna, over at Hot Option Babe… who is also very worn out by all the nonsense in the market, and thinking of closing her blog too. I hope not, and I really don’t think she will. She just needs to take a break from all the bull shit and go relax on the beach or something. (Sorry about the cussing, but sometimes you just need to tell it like it is!)
Mole, over at Evil Speculator shut his doors down for a day or so… about a week ago. But, he’s back up now. He never really left, just took some time off from posting, is more accurate. Even Alexander Grant over at AMBG Trading has cut his posts down from almost daily, to once every week or so. Why post when nothing changes? (Everyone mentioned here can be found in my blogroll… except “Trading the Odds”).
I wonder if it was the same during the 2007 summer rally? Is that a sign that the “TOP” is in? (Short term TOP of course). It’s called “Bear Blog Capitulation”! Look at the the put to call ratio on the chart below. That’s lower then the reading in the 2007 high! Every bear that’s still alive is now bullish. Too many people are on one side now. This boat has got to sink soon!
It makes you wonder if the government has super computers scanning the Internet, reading the bearish blogs, and predicting sentiment from that data? Probably…
But regardless of whether they do, or don’t, it doesn’t really matter, as all the bears are dead broke by now. That’s quite obvious by the extremely light volume. Looking back at the chart I posted on the weekend, we are now at day 10 of a sideways movement. But, we did breakout of that range between 1160-1180, so I guess the count isn’t valid anymore?
So, I guess we are going higher again tomorrow, as trying to predict the top is useless at this point. It will go higher until the government’s target price and date is met. When? I still think it will be this week, but I don’t know Jack Shit it seems? Do you know Jack Shit? Let me introduce you… (you might have too hit the play button twice?)
Well, there’s your daily humor. At least I have the good fortune of posting whatever I want, and not just charts like all the other blogs out there. I’d post another chart if you really want me too… but basically, I’ll sum it up for you like this…
This is the market direction until the Obama Gangster Gang turns it around.
Red

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