I'm calling it - The Top Is In

[lexcorp]

Quote from lexcorp:

Well, as I said, this call was always certain to fail, lol.

Limit order in to buy at 1070.

Quote from lexcorp:

Filled.

Well. Closing this here at 1078 for 8 lovely ES points. This was pretty much risk free. Waiting now for a dip to buy again. When will you all learn?!!!

I think we can all agree that DOW 20,000 is a CERTAINTY at some point in the future (probably whithin 4 years) and yet there are morons trying to SWING SHORT an INDEX that the government will make SURE goes up overtime.

You're giving your money away, and im tired of taking it from you!!

 

[JSSPMK]

I support this call for a top, even though it's been declared a busted call by the OP. ImPO it's going to start with Asian markets shortly, as in a matter of days. It is simply unnatural behaviour for markets to continue marching on in such a manner, a retracement at the very least is almost imminent ImPO.

Also, about time we took some back from Lexcorp & Co

 

[swtrader]

Quote from JSSPMK:

I support this call for a top, even though it's been declared a busted call by the OP. ImPO it's going to start with Asian markets shortly, as in a matter of days. It is simply unnatural behaviour for markets to continue marching on in such a manner, a retracement at the very least is almost imminent ImPO.

Also, about time we took some back from Lexcorp & Co

i declared it a busted call becasue i defined it early in the thread as no higher close, a very objective measurment that has in fact occurred. I wasn't going to come back and try to redefine what I based it on

there has still been no higher intraday high, although the after hours e-mini today would definitly translate to a higher spx high

in any event, it would be possible (if only in after hours) for a trader to get a higher price (at least on e-minis), so therefore the top was NOT in

does this mean I now think it's going a lot higher? no

 

[Petsamo]

There has to be an error margin. Because of this, I don't believe this top call is blown.

The market is one ship guided by millions of wanna-be captains. There's no way you can stop it on a dime - even with George Soros screwin things up.

 

[Ivanovich]

Well, going by after hours, the top isn't only blown - it's stomped on, shattered, incinerated and then ground into tiny particles of dust.

 

[candles]

Quote from lexcorp:

Well. Closing this here at 1078 for 8 lovely ES points. This was pretty much risk free. Waiting now for a dip to buy again. When will you all learn?!!!

I think we can all agree that DOW 20,000 is a CERTAINTY at some point in the future (probably whithin 4 years) and yet there are morons trying to SWING SHORT an INDEX that the government will make SURE goes up overtime.

You're giving your money away, and im tired of taking it from you!!

Good trade. You could have got a few more out of it, but at least you weren't trying to short it, lol!

 

[wavel]

Quote from wavel:

Finally we have an answer in terms of trade duration!

"The Top" since the March low.... very bold indeed... This statement implies that the 666 low will be breached before the September high in order for it to fulfill the criteria of being "The Top". I do like it when somebody lays their neck on the chopping block!

I for the record will take the contrary position and say that this ISN'T "The Top" and that price will trade higher than the September high before trading under the 666 low, thereby proving that the September high is just another peak in the prevailing trend that is apparent since March, assuming I'm correct ofcourse.

Ooooo isn't this good fun!

Perhaps it would be appropriate if the thread is renamed "Just another peak in the trend" as afterall, the choice of words pertaining to linguistic conjugation is everything in terms of effective communication.

If the SP is to form another peak around 1100 for example, and then retraces below the September high, it isn't any use coming back here to say, I was nearly right.... TIMING IS EVERYTHING!

Your stopped out, the trade is bad... What good is it ever going to be, to be nearly right?

Happy days for the bulls, so why not join in with the winners folks!

The trend is your friend...

 

[achilles28]

~1087
~1098
~1111

good short levels.

 

[S2007S]

There is going to be no top, trillions in liquidity are going to keep the market in overdrive for decades. Bernanke better wake up and realize the next bubble he created. Rates need to be raised right fuc$king NOW.

 

[zboy2854A]

Quote from S2007S:

There is going to be no top, trillions in liquidity are going to keep the market in overdrive for decades. Bernanke better wake up and realize the next bubble he created. Rates need to be raised right fuc$king NOW.

If you truly understood how economics worked, you'd know that it's impossible for the Fed and government to continue on the path they're on for "decades". Market forces will see to that.