One day I’ll emerge from total tard-land and actually charge for amazing ideas. But anyway, two weeks ago, literally at the MINUTE that was precisely the right time to short the hell out of retail, I wrote a post with an incredibly cryptic and hard-to-understand title AGAIN, SHORT RETAIL. At the time I shared the chart of this drop-dead gorgeous channel.
And then, as if by divine providence, SPDR® S&P Retail ETF (NYSE:XRT) fell until it perfectly and precisely tagged the channel on Wednesday.
This is Charting Hall-of-Fame stuff, people. So when I get pissy and scoff at non-paying visitors and all the value they get without even having to be troubled by seeing ads splattered on my site, this helps explain why.