### Comment:
I’m a long term bear. On the daily chart we most certainly are not out of the woods. I watch about 50 stocks all prime movers and they are all at the tops of movements looking to mo e downward. I hold typically for 2-3 weeks so this is a nice pop for you guys but we haven’t even had a retracement yet. It’s shown next to zero real classical trend breaking movement. 
  


### REPLY:
I think technical analysis, retesting lows, etc is all bullshit. The market trades based on what people think it's worth, not imaginary lines on a chart. The December correction was overblown and people are realizing that. Not saying we will get to SPY 300 this year, I think we'll end the year around 270-280. The Fed is going to continue to raise rates, which will hold the market back.

### END.