ES HAS TOPPED

Status
Not open for further replies.
That's Funny! looks like maybe the Top is in with this type price action now. I guess it might be media generated, but that's how this balloon party all got started (trump election). Its funny how this thing tips with every cough and sneeze. How will it react with a sore throat?
 
Last edited:
Laissez Faire said:
Personally, I think you're wrong and that we'll see new highs soon. :)
More...

All time highs, yes?

DDR said:
I've heard only amatuers call tops and bottoms.
There are no short signals in any major indicies
:rolleyes:
More...

If I'm not mistaken, Paul Tudor Jones's philosophy in trading is to call tops and bottoms.

I do agree on the short signals though. The markets could have been topping here. But all things considered, there were no compelling reasons (IMO) that the market would top in this area.

That said, I would be more comfortable shorting this close with a relatively tight stop attempting to pick a long term top, but I see that the OP now is long.
 
Laissez Faire said:
All time highs, yes?



If I'm not mistaken, Paul Tudor Jones's philosophy in trading is to call tops and bottoms.

I do agree on the short signals though. The markets could have been topping here. But all things considered, there were no compelling reasons (IMO) that the market would top in this area.

That said, I would be more comfortable shorting this close with a relatively tight stop attempting to pick a long term top, but I see that the OP now is long.
More...

No doubt PTJones is one of the greatest I would never take anything away from him.
However in the case of the 1987 crash the market showed short signals one full week prior to the day it crashed. This ties into my point no short signals.
I respect ppl attemting to call a possible top by pointing out that a short signal looks to be forming.
 
Status
Not open for further replies.
Back
Top