I'm calling it - The Top Is In

Nice little bump higher into the close as always


Wow do I love this fu$king manipulation.....

Flat most of the day then the last minutes into the end they bump it up 20-25 points.
 
Quote from Ivanovich:

I got mine ready. If you look closely on it, it says "Can't outsmart me! - Ben"
More...

that the best you can do?

you throw like a girl!

(rattles the dumking cage)
 
*Ben clenches his fists as swtrader rides off into the sunset*

Ben: Curse you, swtrader!

(Narrator: Tune in on Monday for the final showdown...)
 
We're probably going to gap through the closing highs monday. Light volume pseudo-holiday move higher is in the cards.

edit-- wait a minute, are we already there?
 
Next week earnings from the tech stocks and banks will boost the dow above 10,000 and s$p above 1100, so take those dow 10,000 caps and dust them off for a 3rd fu$king time. Were going higher!!!!!!!!!!!!!!!!!!!!!!!
 
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 they still havent gotten it out of the severe moves zone, even if the last severe move was one that makes people happy. they have to ween the market off of fed crack, or the dollar will get hammered

but people wont be *confident* that stocks are *safe* until they see more stability in the market
 
I don't really get why you are still sticking with the top call so resolutely at this point. You made a great call, it did exactly what you said and went to 1019 (a bit lower actually). That's a great move.... but at this point, why would you still be adamant that this is "the" top when we are only 7 points from the high at 1075? It won't take much artificial buying to spike this thing through that level if that's what they choose to do.

I'm not saying that this is going to happen, mind you - but I wouldn't still be calling a definitive top so strongly at this point, given how this market has been acting over the past 6 months. Just because the rally this week was on lower volume doesn't mean that they won't turn it on again next week and spike through that high... it could happen.

If you recall I originally agreed with your call down to the 1019 level, but pointed out that it was near a longer term trendline from March, and that they could get it down there and then spike it back up above the high. That could very well be happening now.
 
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