I'm calling it - The Top Is In

I think I'll sell a small position. The market's gone up 5 straight days now, assuming it finishes positive today. Canada will have a double top. Plus, Monday sounds like a good day to take a plunge. :D
 
One of the wiser ways to trade this market is to trade breakouts of major levels, minimum guessing. Don't guess or over analyse a market.
 
Quote from romik:

One of the wiser ways to trade this market is to trade breakouts of major levels, minimum guessing. Don't guess or over analyse a market.
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failed breakout (on fed day) was part of the analysis of the call

you'll note the 'called' top was a failed breakout

i actually did do, what you're saying i should do, just in a different timeframe

buying a breakout of a level is also a guess and a prediction

and as i've said more than once, other than the 'easy segment' down to the 200 month average (which i gave as a response when asked on page 2 of this thread), this wasnt a 'trading call' as much as just a technical analysis discussion

those who dont feel that's a good use of time are excused from participation in this thread - the thread is not mandatory
 
approximate target?

Quote from swtrader:

failed breakout (on fed day) was part of the analysis of the call

you'll note the 'called' top was a failed breakout

i actually did do, what you're saying i should do, just in a different timeframe

buying a breakout of a level is also a guess and a prediction

and as i've said more than once, other than the 'easy segment' down to the 200 month average, this wasnt a 'trading call' as much as just a technical analysis discussion

those who dont feel that's a good use of time are excused from participation in this thread - the thread is not mandatory
More...
 
Quote from Ivanovich:

Here comes the end-of-day machine push. We'll see if it holds!

HAL9000 vs swtrader.
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Fed technition: 'well, sir, we've done our job on the market, lets call it a week, and get ready to defend the dollar next week'

Bernanke 'not so fast, we've got to run this thing to a new high'

Fed Technition2 'but sir, that;s a waste of resources, we've done our job and the dollar is the task now'

Bernanke 'but there's this anonymous guy on the internet who called a top. he thinks he's so smart. i'll show him

Fed technition1 'sir, you're losing focus...'

Bernanke 'who's the fed chair...me? or you?'

Fed Technition2 'sir...'

Bernanke 'everyone take out your business card and read the title...anyone else's say 'fed chair? didnt think so..'
 
another called top thrown to trash... NEEEXT !
sw..that was hilarious :-)) i mean bernanke roleplay discussion;
oh, ok, your prediction too
 
Quote from 10Trader10:

another called top thrown to trash... NEEEXT !
sw..that was hilarious :-)) i mean bernanke roleplay discussion;
oh, ok, your prediction too
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notice the market got all timid at 1071.66 level?

know why?

cuz it's THE TOP

buy all the baseballs you want folks, I havent been dunked yet
 
Quote from swtrader:

notice the market got all timid at 1071.66 level?

know why?

cuz it's THE TOP

buy all the baseballs you want folks, I havent been dunked yet
More...

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