S&P 500 very close to intermediate term top

S&P 500 is very close to topping 5/15/07

  • Yes I agree

    Votes: 99 55.0%

  • No I don't agree

    Votes: 49 27.2%

  • Not sure

    Votes: 32 17.8%
  • Total voters
    180
Quote from makloda:

Good luck trying to make money fighting this market.
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No fight at all, more like fun.

See that capitulation top made just now ? Now watch the market head lower. The end.
 
Quote from ghostzapper:

No fight at all, more like fun.
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Ha ha, yes, it's a lot of fun to short the S&P 500 at 1503 and to see it go up to 1540 in a matter of days. :)
 
I'm feelin generous today, cause I know its my time now.

So here's a lesson for all you newbies..

The market appears up strong right ?

Then why are 1/3 of the stocks on my screen red ?
B/c it's not as strong as it appears.
And it will weaken based on this fact alone.
 
While not agreeing with the title of this thread I am using this rally to cash in some chips. Taking about 50% off the table in SP and DJ and 100% of RL.
 
Quote from ghostzapper:

I'm feelin generous today, cause I know its my time now.

So here's a lesson for all you newbies..

The market appears up strong right ?

Then why are 1/3 of the stocks on my screen red ?
B/c it's not as strong as it appears.
And it will weaken based on this fact alone.
More...

You're retarded. Oh no, only 70% of stocks are up?!?!?! OH no, that's terrible. Seriously. do you wear a helmet full time? :p
 
Quote from dealer:

While not agreeing with the title of this thread I am using this rally to cash in some chips. Taking about 50% off the table in SP and DJ and 100% of RL.
More...

In fact if RL breaks below yesterdays low (a ways off admittedly) I will go short small caps vs remaining longs in SP and DJ.
 
Now 1/2 of the stocks on my screen are red, and that's bad news for any rally.

Don't say I didn't teach you 1 lotters and newbies something important !
 
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