Bearish all across the board

I maintain my bearish stance. Too many factors are hinting that the markets want to go down. Today's trading session, September 14, 2010, is a pivot date. Markets are way too extended. The bull trade is getting crowded. Major stocks are hitting major resistances. People are fleeing into bonds. And the MONTHLY chart of the SPY is extremely bearish.

If I was a technical teacher and told my students to draw me an example of a bear flag, I would give them an "A" if it looked anything like the chart below.

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