Petsamo's Top Call

Quote from sub0:

And those chills are multiplying. And I'm losing control. They're electrifying. So I better shape up. :cool:
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AHHHH!!!!!!! No more GREASE!!!!! (lol)
 
I want to correct what I posted earlier. I expected us to gap down on Monday, but it's OK for us to gap up, as long as we open and close below the trend line. If we open and/or close above the trend line, my temporary top call is busted and we're goin' north. Next stop may be 1121 on the S&P.
 
if you draw that trendline at the exact top of the two points.. its already been broken:p

im looking for a pullback soon though ;0
 
Petsamo!

WTF!

Cramer's calling the top!


NEW YORK (TheStreet) -- Jim Cramer told the viewers of his "Mad Money" TV show Monday that one key phrase appeared over and over again from this month's flurry of corporate earnings, and that phrase may have caused the markets to reach its highs for the year.

Cramer said the phase "business is stabilizing, albeit at lower levels" was a phrase repeated in dozens of conference calls this quarter, from companies as wide ranging as Whirlpool (WHR) to FedEx (FDX). He said that while the first part, stabilizing, has led the markets off the March lows, the second part, "albeit at lower levels," is not bullish for the future.
 
NoDoji, everybody's taking credit for calling the top! That's alright, I'm happy I liquidated at the top. Everybody's happy this market's finally coming down. I'll let it be.

Thanks for acknowledging me! I send you a flying kiss! :D
 
I went to dseven at FreeTradingVideos.com, who has trendlines showing support at S&P 1061 area. So, I went 100% long again. I made a nice chunk of change selling, then repurchasing at a lower price. :D

That trendline on my chart is fairly shallow. It'll take a few days before we see it again. I have to decide if I want to sell again.
 
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