I'm calling it - The DOUBLE-TOP Is In

Quote from volente_00:

Speaking of 10 points, what is that one fools strategy when that happens ?


:p
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LOL why the Trannie King himself of course. :D

Just make sure you have a plenty of lube this time around.
 
Quote from MandelbrotSet:

That's why I asked to Ivanovih to let the thread be ... it took a lot of work just to make that one call and do so successfully (and I know it), regardless of whether it proves to be "the" top or not.

Good trading
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While I make a lot of moan and fuss about nothing (mostly out of jest), you know I take trading seriously. As far as this thread is concerned, well, I only wanted to get the message out. I can care less whether this is "the" top or not.

But thanks for the encouragement. Good trading to you likewise.
 
The point is will we break above yesterday HOD?

I say no, although you might think otherwise. Even if we do break it, it won't be by much in my meager estimate. No more than, say, 3 points.
 
Quote from saliva:

So who's laughing all the way to the bank now (or was that making ass out themselves)? Bwahahaha!
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You have got to be kidding me.
 
I can confirm that the top is in.

I have been bearish since March and lost about $40k to date, and just capitulated by buying 50 contracts long on the Q's.

If my prior experience is correct, then it means the market should collapse starting tomorrow.
 
its hard to make any predictions during expo week, we need some violent price swings, zig zags, to mark a trend changing top, there s a fib number at 1117 and a low price level from last september at 1106, they could be holding it here to get ya short so you can rush to cover on the next 20 to 30 points up, where the people who don't manipulate the markets can reverse, or u could be right
 

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The great irony is that the higher the market goes in divergence with the deteriorating economy, on the false assumption the USD will be weak forever (not to mention that this will kill the consumer ultimately and sap American consumer demand, cutting deeply into corporate profits/margins; hair of the dog), and the more people are bamboozled into thinking corporate earnings on an upward trajectory, given the history breaking run we've had (again, divergent from real economy), the greater the chance that a wicked crash will happen sooner, rather than later.


The risk/reward profile is far, far less appealing now than at any time possibly since 1998 or even 1932.

When fools (the retail crowd) rush in...
 
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