I just noticed a surge in hits over the last hour. Turns out that somebody on the PrudentBear.com forums linked my October post about the (alleged) broadening top pattern. It’s good to see that there are still a substantial number of bearish people in the market… I was thinking that they’d all been washed out. I’ll have to poke around PrudentBear to see what the ‘Bear Case’ is these days.
I’m wondering if we get the bounce off the QQQ 50-day MA, which was hit today … big ol’ vix spike this morning suggested a bounce may be in the offing. Unless the top’s really in this time, unlike the previous six top predictions.