The bull market’s peak is filled with lies—no lie can prevent the decline.

When bears turn to bulls, it’s full of truth. Every claim the shorts make is true, yet none of it can stop the rally.

Long-term trendlines represent everything. What’s the use of all those “truths” if you still can’t do anything? If you keep seeing too many different kinds of bearish takes—some talk about the cycle, some about macroeconomics, some look at order placement, some talk about U.S. Treasuries—the result is the same: one by one, they’re just ignoring the candlestick chart. You can’t see the bottoms lifting, you can’t see the trend breaking—so you keep clinging to your so-called truths; what good is that really?