Wow! I can't believe Larry's so bearish. I'm looking at the same technicals, but I see almost the exact opposite picture.
In the last 3 weeks, we've had capitulations, rebounds, higher lows, shallow pullbacks and a creeping breakout of the trading ranges in US markets. Just all kinds of positive patterns in a seasonally strong period. Plenty of gas to run up into January.
And he's short term bearish - I wish I knew what he's looking at! (or smoking, lol!)