S&P 500 very close to intermediate term top
- Thread starter ghostzapper
- Start date
Little trip down memory lane of top calls:
1997 - 10 year anniversary of the 87 crash. Oh boy did many hedge funds get burned on the short side
http://www.lowrisk.com/top.htm
When calling a top you not only have to be right, you have to be right at the right time.
1997 - 10 year anniversary of the 87 crash. Oh boy did many hedge funds get burned on the short side
http://www.lowrisk.com/top.htm
When calling a top you not only have to be right, you have to be right at the right time.
The big money that trades overnight futures must read the threads here !
http://www.marketwatch.com/news/sto...-6937-4AD6-807B-3FDF797955A4}&dist=TNMostRead
"Consider the latest readings of the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term stock market timing newsletters tracked by the Hulbert Financial Digest. As of Monday night, the HSNSI stood at 40.2%. That's barely half its record high reading of 79.7%.
Furthermore, consider that Wednesday, the day before the stock market's big drop that took nearly 150 points off the Dow Jones Industrial Average , the HSNSI stood at 59.6%. Even though the DJIA as of Monday's close was back almost to the same level as last Wednesday's, the HSNSI is nearly 20 percentage points lower."
"Consider the latest readings of the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term stock market timing newsletters tracked by the Hulbert Financial Digest. As of Monday night, the HSNSI stood at 40.2%. That's barely half its record high reading of 79.7%.
Furthermore, consider that Wednesday, the day before the stock market's big drop that took nearly 150 points off the Dow Jones Industrial Average , the HSNSI stood at 59.6%. Even though the DJIA as of Monday's close was back almost to the same level as last Wednesday's, the HSNSI is nearly 20 percentage points lower."
the sp00z will only go higher
too much up room
too much up room
The "call" is that the S&P 500 is very close to topping out. That's the call. How is the premise that the S&P 500 is very close to topping out wrong based only on what happened today ??
