Petsamo's Top Call

Quote from Petsamo:

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
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Quote from Petsamo:

10/22/09 from Qs have topped thread:

I'm still the only one with the disagree vote. :)
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Why the change of heart?
 
Quote from Petsamo:

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.
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LOL you can almost never tell when someone is joking here
but this definitely canned it
 
Quote from NoDoji:

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.
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The Rush Limbaugh of Market Analysis
 
Quote from Petsamo:

I like Rush. I listen to him as often as I can.

I like NoDoji too. :D
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I like any political theatre that depends primarily on intonation and pacing

of course, by that measure, Cramer sucks
not so sure about nodoji
:)
 
DOWN PERISCOPE! DIVE! DIVE! (I was a Marine, but I was never in a boat.) You guys better not hold long positions over the weekend.

Target buy point for long positions: 1025 area on the S&P. This will form an even neck line for the head. Furthermore, it's in the area of the bottom Bolinger Band. I anticipate we will reach this on Tuesday.
 
We need a big loss day to confirm this top. Not a piddly -200 day, but a -500 or -600 day, or more.

By the way, on the monthly DOW, the resistance line I drew 6 months ago was touched on Oct. 21th, so we have confirmations of a possible top on the daily, weekly, and monthly. This is significant.
 
We don't need a big down day today. But, the S&P needs to close at or below 1055. Ideally, it should close at 1055 forming a doji for the October month. November, Monday, we need to start lower with a gap down, then we could have a sizeable down day.
 
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