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2006 and 2007 were the best of times, and, sometimes, the worst of times for my psyche.

It was at the end of 2006 that I became more convinced that it was time to start finding shorts. The Dow was at 12,500. CNBC was just on fire each day pumping the market, too.

Larry Kudlow was nightly touting “goldilocks”. Jim Cramer had called “the bottom” in housing. Fast Money still had Dylan Ratigan, Jeff Macke, Eric Bolling, and, Tim

Strazzini to offer an alternate take on the cheerleading - if ever so mainstream in their efforts.

And, then there was me.

I began to tell my members about stocks like DXD and QID. I began to tell folks to LITERALLY get out of the market. Just get out.

Now, because I’m a trader at heart, there will always be a trade UP or down in any market. And, I made those calls. I always make those calls.

My “macro” thesis was aimed at those who considered themselves “buy and hold,” “investors.” My dad, my father-in-law, and, my friend Chuck, qualified for that group.

It’s tightrope you have to walk as a stock picker. On one hand you want to offer the best macro advice you can for folks who don’t want to worry about getting “the top” or “the bottom.” On the other hand, you want to get “the top” or “the bottom” if you can. Because, the truth is that - and this is the TRUTH - people that call themselves “investors” or “swing traders” are liars. They want daytrade-esque, surgically-precise entries, AND, they want that “long term” “don’t fight the tape” money, too. If you - as a stock picker - cannot give them the day trade entry, and, they miss a move 0r have to stop/out for a loss, they revert back to being an “investor” and claim that, “you can’t time the market.”

Get those entries and exits timed right, and, even the longtermiest of long-term “investors” will sing from the rooftops of your wizardry.

Get it wrong, and, folks who used to end their emails with, “God bless you and your family!” send missives peppered with, “You’re worse than Cramer,” and, “You’re and idiot,” and, well, the always-acceptable, “You suck.”

At “Dow 13000″ in April of 2007, I turned absolutely bearish. I normally don’t ascribe the terms “bull” or “bear” to what I do, but, I admit that at “Dow 13000″ I drank the bear kool aid 100%.

Something magical happened. Like a bell sounded at the start of a market from the ether. As if the gates of stock-picking shangrila opened to the sound of a cherubic chorus of angels.

It began.

I did not see it at the time. The angelic choir sounded more like Dante’s minions with axes to grind for their time down below”: Flames burst open my inbox daily from “Dow 13000″ to “Dow 14000″ to “Dow 13000″ again.

The closer to “Dow 14000,” the higher the flames danced. The bigger the intraday move, more potty-mouthed and bitter the emails.

It is historic fact that I missed the rally from 13000 to 14000 on the Dow. It is historic fact that I was wrong wrong wrong about any entry at Dow 13000 to short the market. Do not read past this point without an acknowledgment that I fully admit my miss of that last 1000 points.

Oh, but, how right was I when I did my video called, “The Great Crash of 2007″ where I called for a Dow correction 8500? Or, my video at “Dow 9500″ calling for people to get ready to buy stocks again last September? (A video I both learned to love and hate! We’ll get back to that in a moment.)

All those “long term” investors who wanted the “day trade” entries from me back in 2007 and ignored the macro call, were now flaming me again. This time for my call that was early (by one day, mind you) as a time to buy again in 2008.

Now, herein lies admission number two about a “miss” of mine: Last year when I did my “bottom” video in September, I said that it was about to be time to buy and that the bottom would not be more than 10% below 8700. This was at “Dow 9400″.

And, the next day the market tanked.

And, you have no idea - NO IDEA - the level of flaming I took for that. The nuts were out in force after that video. Like they had stored up all their collective crank-job energy and directed at me.

The next day I did a video called, “Day 1 of Buying Opportunities Galore”. You can watch it here: http://www.youtube.com/watch?v=j3S18_bQe70

The heat I took was excruciating. Remember, Jim Cramer had just panicked on the Today Show with his half-ass “take out what you need for the next five years” sob-story.

And, here I come out telling people - no, not “telling,” that’s not a strong enough word - I laid my professional reputation on the line with my video called, “Day 1 of Buying Opportunities Galore”.

BUYING OPPORTUNITIES. Not just any, mind. The opportunities were, GALORE.

Oh, if I could only have you read my emails from that time. If you could only you read the messages at YouTube. The phone calls were fun, too.

And that, dear reader, is where I first heard the angels sing. Every jab from a mocking troll emboldened me that I was right.

Right, indeed. Flat-out one of my best, most kick-ass calls ever. The next morning I listed 13 Dow stocks to load up on. Those stocks made 30%+ moves in just a day or so.

The crank jobs, nuts, and, flaming trolls? Well, they continued to burn down the house. My members? They saw me stand up, turn into the wind, and, spit a mouth of gold.

I found something out about myself. I discovered that I am pretty good at macro calls. I’m pretty good at entries for short term trades. I’m pretty good at the combination of the two.

But, my best calls come when they are confirmed by what I now dub, “The Crank Job Indicator”: When the charts, logic, and, my interpretation of them are on one side, and, the other side is handled by anonymous flamers who spend most their emails on my teeth, overalls, or, resemblance to Chris Elliott, then, I know I will be proven correct.

It’s not that I’m right - that is, if you define “right” as naming the day. No, I think you can see that I admit my “wrongness” about my call at “Dow 13000″ and at “Dow 9400″.

What I claim, though, is that when I take a position, that position is proven right in direct proportion to the heat I receive for my opinion. And, right now, the heat is pretty darn hot.

“The Crank Job Indicator” is peaking out right about now.

That tells me that my belief it is time to short the market will be borne out. I believe we will see “Dow 8500″ at the LEAST. And, I suggest people find vehicles like SRS, FAZ, and, TZA to take part in that move. I like shorts like CHS, FUQI, NTES, and, BBBY.

Do I have “the top” in either the market or these stocks? No way. I’m sure I’ll have to admit I missed it somewhere down the road. Hey, let me get that out of the way: I don’t have the top.

But, if you disagree, please keep the emails coming. The more I get the happier I am that I’ve made my call. And, I can only hope we hit that magical 10,000 on the Dow.

The angels will sing on that day.