I'm calling it - The Top Is In

[swtrader]

technical case is in this thread

the actual top was last wednesday, today's close confirms it

http://www.elitetrader.com/vb/showthread.php?s=&threadid=176672&perpage=6&pagenumber=1

 

[swtrader]

key chart from that thread

 

[l2tradr]

How are you playing it? Targets, short entry? Time frame?

 

[swtrader]

on the dow, the 20 month moving average was 9914 -high for the month was 9917

closed below 20 month avg

 

[TheAngryHermit]

Don't fight the tape.

 

[trefoil]

Repeating myself:

Quote from trefoil:

...as soon as there's some movement up, it's met by extreme skepticism. That's a classic formula for a bull market.
I had thought the shorts and bears would finally throw in the towel this EOM/EOQ, but that is simply not happening. So, the trend continues to be up, and will continue to be up until these guys are finally squeezed so hard they beg, plead, even scream for mercy.

Original in the Kudos to MMs thread.
I had thought we might be getting there, but now, forget it. Everyone & his brother continues to doubt this market. Top is nowhere in sight.

 

[atticus]

Quote from trefoil:

Repeating myself:



Original in the Kudos to MMs thread.
I had thought we might be getting there, but now, forget it. Everyone & his brother continues to doubt this market. Top is nowhere in sight.

WTF is everyone and his brother? You TRADE on this analysis?

 

[swtrader]

Quote from trefoil:

Repeating myself:



Original in the Kudos to MMs thread.
I had thought we might be getting there, but now, forget it. Everyone & his brother continues to doubt this market. Top is nowhere in sight.

you're entitled to your opinion, but you're quoting platitudes from more ordinary markets - in terms of specifics, it';s just a bunch of bla bla bla

this was a CRASH, with every 'recovering' sector running on unsustainable subsidies - 2 trillion borrowed so far. and we have 1.8 trillion a year budget deficit. The fundamental and technical case is against a new bull market

This was/is the largest uninterrupted rally since the great depression - since 1996, the 20 month moving average has defined the trend

i've held my fire on any top calling this entire run - not once have i said we were until 2 weeks ago, i started that thread in the first post here, that thus far, is holding

 

[ElCubano]

Quote from atticus:

WTF is everyone and his brother? You TRADE on this analysis?

He should be looking at what everyone and their mother are saying/thinking; not everyone has a brother. Perhaps that's why he might be off a little....

 

[swtrader]

Quote from l2tradr:

How are you playing it? Targets, short entry? Time frame?

I would say the easy 'segment' guess would be an spx drop down to 1019, the 200 month avg

your risk, your profit/your loss