The bears were all sweaty with joy at he hype surrounding Dow 12,000. Gold was climbing, Oil was on fire and the US dollar was crap. It was for sure a TOP! NOT!
At the time, I blogged about the breakouts and that being negative was going to cost you as prices were telegraphing big strength. Not much has changed today and the Wallstrip Dow Industrials show remains one of my favorites.
Great job by ALL the actors.