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I'm calling it - The Top Is In
- Thread starter swtrader
- Start date
Quote from Kassz007:
Your kidding right...
A couple of weak days and now you step up your S&P below 1000 rhetoric again? Hilarious...
Well all the bulls are calling for DOW 10k, so whats wrong about me talking about the s$p breaking 1000.
Do you still not understand that the market is being propped up, I have no clue why anyone actually believes the economy is doing great when all they do is stimulate it with worthless dollars.
This isnt a "V" shaped recovery, its more like a throw trillions at the economy and see if we can prop up everything to make everyone believe the economy is all fine and dandy.
Show me where organic growth is going to come from WITHOUT the help of all these lame programs and trillions of dollars being spent.
Quote from ProfLogic:
I'll agree that last Wednesday (09/23/09) was "a "top. Tuesday's top (09/29/09) was a failure to take that top out but at least in the ES 1035.75 needs taken out before anyone can say that even a short term top has set in.
Tops can be seen in real-time but "THE" top can only be seen and more importantly confirmed, in hindsight.
Ok, step one for the short term top is confirmed, 1035.75 has been breached.
Quote from S2007S:
Well all the bulls are calling for DOW 10k, so whats wrong about me talking about the s$p breaking 1000.
Do you still not understand that the market is being propped up, I have no clue why anyone actually believes the economy is doing great when all they do is stimulate it with worthless dollars.
This isnt a "V" shaped recovery, its more like a throw trillions at the economy and see if we can prop up everything to make everyone believe the economy is all fine and dandy.
Show me where organic growth is going to come from WITHOUT the help of all these lame programs and trillions of dollars being spent.
Who actually believes the economy is doing great? Why do you think the economy needs to be doing great for the stock market to go up? Why do you disapprove of government programs that kick start the economy?
When you say "they" stimulate it with worthless dollars, just who are you talking about? You do realize that most major governments around the world are stimulating their economies right now, right? Or are you narrow mindedly speaking just of the USA?
Quote from swtrader:
"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
With all due respect your original opening post merely states that "The Top" is in. You fail to advise of any duration or timescale, which leads observers like myself with no option but to speculate as to what exactly you are referring to.
Also, I may point out that many traders don't use moving averages within their market analysis and perhaps from a trading point of view, indicator free traders enhance the analytical debate and may infact be able to determine market direction via another methodology, and so choose to determine that the "September high" isn't "The Top"
Look at it from a fractal point of view in terms of the grand scale of all things.... What exactly is the definition of a top? It could never be known due to the operation of time which is percieved at the linear level of perception!
Quote from wavel:
With all due respect your original opening post merely states that "The Top" is in. You fail to advise of any duration or timescale, which leads observers like myself with no option but to speculate as to what exactly you are referring to.
Also, I may point out that many traders don't use moving averages within their market analysis, perhaps from a trading point of view, indicator free traders enhance the analytical debate and may infact be able to determine market direction via another methodology, and so choose to determine that the "September high" isn't "The Top"
Look at it from a fractal point of view, What exactly is the definition of a top? It could never be known due to the operation of time which is percieved at the linear level of perception!
you're just like a chihuahua tugging on a sock, arent you
you keep yapping, but you say nothing - added to my ignore list
Quote from S2007S:
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.
Double bottom?
Depending upon how much time "unfolds" before we get to the price range, lets just see how much resistance occurs around the 960-920 area on the ES.
If a low is comes in around 930, logic dictates that the "September high" cannot be classified as "The Top" from a structural point of view relating to the longevity of the complete wave.
This is why observers are asking for clarity with regards to what timeframe this top is actually operating within.
Quote from swtrader:
you're just like a chihuahua tugging on a sock, arent you
you keep yapping, but you say nothing - added to my ignore list
Did I say something that was offensive?
What I asked/said was... Can we please have some clarity with regards to what timeframe "The Top" is operating within?