I’m accused of showing a winner after it wins. So frikkin what! 30% in a month, I’ll take it…

We were all over oil in June. We were all over Tech in August. We called this market to a tee. Care to argue with me?

I don’t want your praise or a pat on the back. Nor do I want to  hear that I was wrong on something in the year 2002.

Sometimes we’re right and sometimes we’re wrong. It’s all part of the process. Stop looking for the instant gratification and get serious.

Want more? Join my service…

Think about this. The stock market has been moving sideways for six months getting everyone uber-bearish with bad news.

We have put in a fairly long consolidation phase while fomenting more and more bearish news and views. Yet the market would not break after having 5 opportunities to do so. The trading range chased away billions in “longs” and “forced the remaining longs to spend a fortune hedging.

This and next month is the time to break the bears, hard. It is being done as we speak. My long-standing forecast of a test of the highs should be next–then the bruiser just before election time.

OK, here goes:

There remains strong buying in front of the quarter-end. There is still the question of letting October’s hedges burn to the ground, just like September’s. Plus, everyone now knows that the election will sweep in the Repubs and fiscal austerity.

The time to take profits, sell & short will be just after the October option expiration and before the election.

When everyone is excited about the market’s fall rally, the election and the seasonally strong Holiday time of the year, we will get wacked.

There. It’s on paper…Now tell me why I’ll be wrong…

As the internationally renowned market comedian Krull might say, “it be de end o da qowta. Does ya tink da mrkt will go Lowa?” Yes? No? Why? WHY?

http://www.youtube.com/watch?v=TRI4E4BsnHI

As overbought as we may be, as silly as it may sound, there was nothing negative said by the FED that will change the markets near-term trend.

The Bears lost a major battle yesterday as the indices broke out. Markets spent 6 months going sideways and now they will rally into quarter’s end.

It doesn’t matter what you think or know. The move that tests the yearly highs is underway and will not be stopping for now. The most you can expect will be a pause.

There is nobody left to sell given the current environment. Sorry for the win…Now buy some little tech names for a pop!

Just look at what a beautiful pattern this has developed into.