S&P 500 looking very toppy

Is the S&P 500 about out of gas?

  • Yes, rubberbird is usually correct

    Votes: 67 33.3%

  • No, there's more upside ahead

    Votes: 46 22.9%

  • I don't know/ I don't care/ the bird is an idiot

    Votes: 88 43.8%
  • Total voters
    201
It’s not about buying or selling the market it’s the point you’re using to short. The stocks have been churning for weeks in this area. TXN has been breaking out and the QQQQ’s look no weaker today then any other day. WIND is at multi year highs so your logic makes no sense. I don’t have a clue what will happen but to scream short with out a reason is dumb. I wish you luck.
 
:D

Yea GO BUY THE MARKET!!!!


uh... but don't we need a leader?

who here is gonna jump out and say BUY THE MARKET NOW cuz it's not exhausted!

on a side note... I am biased to the short side... but I don't know much except the longer I do this the luckier I get.
 
This pissing match is pointless. Haji may have received a signal to short at 17min past. Who knows, maybe he'll elaborate. i don't see the need for the vitriol.
 
Quote from hajimow:

I time stamped my post so if someone reads my post a week later, will consider the time that I sent the post.
You can do whatever you want to do. Go and buy the whole market.
More...

When you trade you have to look at the facts; wishfull thinking is very bad for your return.
Facts are that we went up the last weeks which confirms the trend as being long.
But as always there are people that want to catch the top to sell. So they are looking at signs of a top to get the best quote.

That's why the bird said short at 1204 and that the S&P was out of gas. Just look where we are now.

I will miss the top, that's for sure; but when i go short it will be a profitable one, not one that will reverse 20 or more points just after i took the trade.

But we need people that try to pick the tops; if it were only to have a counterparty when i want to trade.
 
Market is like that. I id not force anyone to short. I just posted my opinion and I did not use foul language. You can not prove your theory in this market otherwise someone would be a constant winner. Market is made based on bid and ask and if a bunch of fools sell the market, it will go do and if they buy it it will go up. You mentioned WIND is at all time high. Lets see, I have shorted it today at 17.33. Lets see what happens.
 
You don’t get it this thread is about calling a top that will last at least a few months or weeks. You’re talking about a short term trade. Wow you made 10 cents. That’s not the point of the thread. TXN, QQQQ, ADI moved 2 cents on your call.
 
Quote from rubberbird:

The S&P is about out of gas. Maximum number is around 1225, if it can make that. Since I get many PM's to post this type of info, I will appease the masses, so here we go...it is a toppin'
More...

round #2...ding, ding, ding

spikey, this is the quote that started this thread. I know its hard to find the first post, but here it is. So how in blue hell can you say the following:

Quote from spike500:

That's why the bird said short at 1204 and that the S&P was out of gas. Just look where we are now.
More...

spikey, i'm beginning to think you are on lithium.
 
looks to me like we now have strong evidence for a top:

highs-lows bear divergence
hi-vol grinding

key is in techs, if they don't make a statement to upside we're pulling back (or sinking depending on thrust of move).
 
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