normal rules never apply
the key to making money, you heard it here first
I'm calling it - The Top Is In
- Thread starter swtrader
- Start date
normal rules never apply
the key to making money, you heard it here first
I agree with FB123.
It is to early to evaluate the current market situation as being "The Top".
Even if the ES took a tumble back down to 700 we may still have more to the upside.
Although having said that, I "wouldn't" be feeling inclined to hold a long into a tumble down to 700 with the knowledge that a close above the "September high" may still be due to appear.
My bitch can carry her own bag.
It is to early to evaluate the current market situation as being "The Top".
Even if the ES took a tumble back down to 700 we may still have more to the upside.
Although having said that, I "wouldn't" be feeling inclined to hold a long into a tumble down to 700 with the knowledge that a close above the "September high" may still be due to appear.
My bitch can carry her own bag.
Quote from wavel:
I agree with FB123.
It is to early to evaluate the current market situation as being "The Top".
Even if the ES took a tumble back down to 700 we may still have more to the upside.
Although having said that, I "wouldn't" be feeling inclined to hold a long into a tumble down to 700 with the knowledge that a close above the "September high" may still be due to appear.
My bitch can carry her own bag.
"the top" would be the end of this run, or now, that run.
after all, in the terms your describing, last month COULDNT be "the Top", because 2007 was higher.
in any case, (and this isnt directed specifically at you) enough with people coming here and pontificating philosophies - the topic was a call that the historic run from march was over. the topic here really was an invitation to study this moment in time from a technical point of view, which i think is pretty unique technically. i was hoping people would come in with charts confirming, or more importantly, opposing the call. but opposing it from a TECHNICAL, not a PHILOSOPHICAL point of view
perhaps i should have placed this in the technical analysis forum
if people believe that's not how others should trade, or that 'its'a all relative, or whatever, that's fine, but it's not the topic here
Quote from wavel:
I agree with FB123.
It is to early to evaluate the current market situation as being "The Top".
Even if the ES took a tumble back down to 700 we may still have more to the upside.
Although having said that, I "wouldn't" be feeling inclined to hold a long into a tumble down to 700 with the knowledge that a close above the "September high" may still be due to appear.
My bitch can carry her own bag.
700???
If it got that low you can just expect new lows on all indexes, it wouldn't stop at 700 or 665, 600 would be in play at that point.
I'll agree that last Wednesday (09/23/09) was "a "top. Tuesday's top (09/29/09) was a failure to take that top out but at least in the ES 1035.75 needs taken out before anyone can say that even a short term top has set in.
Tops can be seen in real-time but "THE" top can only be seen and more importantly confirmed, in hindsight.