And that one isn't ROBTV or BloombergTV.

Anyway, let' get to the facts: when RSI gets into nosebleed territory and TH's are beside themselves in ecstasy, you almost cannot lose by selling, shorting or distributing " whatever is your pleasure.

Ask yourself, when looking at today's charts, just who was fooling who?

The U.S. economy is in trouble. Housing permits are the story, which some people would like to ignore, but shouldn't. Payroll growth is collapsing " just watch the next couple reports, but that's another trend some people want to ignore.

There happens to be a huge deflation risk in the U.S. today, but the Fed would rather fight the inflation problem. Here's my take: the 10-year Treasury yield says it all.

If the yield goes up, it's saying that inflation is the problem, until it's not a problem because rates going higher will soon set off a housing crisis " read my lips: no new permits, which means a jobs crisis unless you think flipping hamburgers is going to pay the bills!).

If the Treasury yield falls off, that's saying that the economy is not going to be strong enough (say 1.5 pct growth) to give the level of (double digit 12 to 15 pct) earnings growth to which traders have come to expect.

So, choose your poison.

America is in a bind, and traders are told to close their eyes, and follow Wall Street's lead.

I'm afraid our rallying cry is going to be: "REMEMBER THE AMARANTH".

If you look at the RSI-7 values for the Monthly-Weekly-Daily, there will come a day when you can subtract these numbers from 100. When you see RSI values that low (or thereabouts), that's a mirror image of a terminating Bear market, which is when I like to BUY. Now, however, is the time to SELL.

A year from now, you'll be wondering why you didn't get the message. 'To every thing there is a season'.