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it certainly doesnt look good but there is still no intraday, or closing high those who called the call officially 'busted' already, are wrong

many people 10 years from retirement, were feeling pretty good about their retirement in 2000. For many of them, the 90s sealed up their retirement. if they 'held on for the long haul', they went though a nightmare 2000-2002, and went on to be rewarded in 2007 with a new high just baaaaarely...

there's evidence of being at the top all over the place have to be a lot of older folks thinking "we'll survive with our money out at this level, but we would be screwed at where we were in march" a lot of people, close to retirment, who still didnt sell, were looking at their retirements...

selling when very strong resistence has been reached, or when support has been broken, are both valid strategies

the market is below where it was in 1998, 11 years ago below 1998-2001, and 2003-2008 since 1998, 11 years, the current level of the market is only above 2 whole years - 2002 and 2009 (all of 2009 so far) that sound like a bull market to you?

what i keep being told, over and over, is that 'calling a top' is a fool's game and that you buy at a pullback to the trend, yes, that IS true - in a BULL MARKET this, however, is a bear,IMO shorting resistence in a bear is the same as buying support in a bull i think most people are...

no new high if/when to call is proven wrong, i'll say call is wrong but it's not as of this moment the call was based on an observation that 20 month ma had been a good indicator of trend that doesnt mean it will always be so i'm not going door to door, forcing people to believe...

i said at the beginning, that the call will be right or it will be wrong, and that aside from that specific 'easy segment' down to 1019. it's as much of a parlor game to invite technical analysis discussion, as anything else. it's also somewhat of a thumbed nose to wishy washy predictions made...

you do have to kind of wonder what the heck these games are about, running it up to within a razor thin slice of that level for the close my guess is that at this point, that the Fed's goal is to stabilize the market, not raise it at this level they needed to raise it above the abys, but...

that the best you can do? you throw like a girl! (rattles the dumking cage)

well, gotta give 'em credit for trying they're watching the same level I am but did they bust this call? ---> nope

check out the vix the volitility of the vix itself, is increasing <img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2600395">

notice the market got all timid at 1071.66 level? know why? cuz it's THE TOP buy all the baseballs you want folks, I havent been dunked yet

Fed technition: 'well, sir, we've done our job on the market, lets call it a week, and get ready to defend the dollar next week' Bernanke 'not so fast, we've got to run this thing to a new high' Fed Technition2 'but sir, that;s a waste of resources, we've done our job and the dollar is the...

failed breakout (on fed day) was part of the analysis of the call you'll note the 'called' top was a failed breakout i actually did do, what you're saying i should do, just in a different timeframe buying a breakout of a level is also a guess and a prediction and as i've said more...

an african leader needs a new medal pinned on his chest every month. usually, for no more than showing up for the ceremony not drunk <img src = "http://ugandabeat.files.wordpress.com/2009/09/ida-amin.jpg">

and i dont have a lot of faith in eliot wave, and often make fun of it, (in particular, minutia of labeling with an ever present 'alternate wave count' for when they're wrong) but what little value it DOES have, is big picture shape recognition this was a massive ABC correction 875 -666...

the fed succeeded in pinning the market above the 200 month moving average (16.5 year) it' got it above it, touched the next higher signifigant moving avg, then backtested the 200 month sucessfully once. it got us above that zone (the below 200 month avg) before a depression psychology...

I think this is great I dont think giving a 44 year old state senator an entry level senate seat, then trading it for the presidency before completeing the term was enough honor for him giving him the nobel prize might finally prove that we're not racist i hope all kidding aside, all...

I think there's something wrong with my charts - I cant see the new high and what's going on with that volume? it looks higher on the down days <img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2599967">