I'm calling it - The Top Is In

Quote from romik:

Let's talk about Russian whores, can somebody dig out that thread please, since there is nothing else to talk about.
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y u want to talk abt urself
 
Quote from gobar:

I may be wrong but it looks like CL is making top right here

75.40 to 75.80

SO does NQ with top around 1750 to 1760

I am sure IBM and GOOG will be down after they report earnings...
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Interesting, but do you believe that the dollar is making a low? Or are you looking at CL from a TA basis only?
 
Listening to bloomberg and listening to cnbc and the amount of bullishness is absolutely insane. Calls from 11,000 to 12,000 by the end of year are all over the place. Aside from that they talk about 10,000 like its the greatest thing that has ever happened, dont they know dow 10,000 has been crossed 3 times in 10 years. I dont hear one person suggesting taking profit, there is no negativity at all from these talking heads. If you had some of the recorded video of cnbc from 1999-2007 when everything was going crazy you would think the run would have kept going for a 1000 years. Ask anyone at dow 14k if dow 10k would have ever been revisited and I guarantee 99% would have said no.
 
Quote from S2007S:

Listening to bloomberg and listening to cnbc and the amount of bullishness is absolutely insane. Calls from 11,000 to 12,000 by the end of year are all over the place. Aside from that they talk about 10,000 like its the greatest thing that has ever happened, dont they know dow 10,000 has been crossed 3 times in 10 years. I dont hear one person suggesting taking profit, there is no negativity at all from these talking heads. If you had some of the recorded video of cnbc from 1999-2007 when everything was going crazy you would think the run would have kept going for a 1000 years. Ask anyone at dow 14k if dow 10k would have ever been revisited and I guarantee 99% would have said no.
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Indeed, the boat is tipping heavily to one side with regard to sentiment. As a contrarian that's a huge signal for me. I may start establishing a ladder of shorts on the S&P and the EUR over the next few weeks...
 
Quote from Ivanovich:

Interesting, but do you believe that the dollar is making a low? Or are you looking at CL from a TA basis only?
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from TA stand pt oil is making new high..
but if it breaks 76 on higher volume then bets r off.

I am short QM from 75.20 with stop around 76.45
 
Quote from stock777:

f$%^ Zero Hedge. Aint they the guys that missed the last 4000 Dow points?

Hope you're all enjoying the Greenology.
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Technically, yes. But if you bothered to read the article, you'd follow that 10,000 isn't really 10,000.
 
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