S&P has had it ! Intermediate term top right here !

[volente_00]

Quote from volente_00:

you squawking again thornybird ? I just now saw this post and will be making some easy money fading your top at 1536 call as we hit 1560 by the end of the month.

Thanks for the easy $ thornybird


YOU ARE THE GREATEST CONTRARIAN EVER ON ET !

 

[StockKJay]

You people know that the last even mentionable dip was back in Feb. - March right? Why try to pick at a top, don't folks find it easier to just position themselves in a trend and let your profits run?

I suppose I am in a minority, I like trading to be simple.

 

[stupididiot]

Quote from StockKJay:

I suppose I am in a minority, I like trading to be simple.

BINGO!

 

[NY_HOOD]

why pick a top? just trade what available ;the low hanging fruit.trading is easy if you do it like that.picking bottom and tops never works.

 

[maxdax]

and furthermore picking bottoms leaves one with a smelly finger..

i read somewhere that '' every markets got a bottom....and every bottom has got a hole''

 

[ghostzapper]

Quote from NY_HOOD:

why pick a top?

b/c there's a load of $$ that can be made on premium erosion.

 

[atticus]

You've gotta be short into the NY close. Horrible finish.

 

[ghostzapper]

Quote from atticus:

You've gotta be short into the NY close. Horrible finish.

I still believe that 1555.9 is a meaningful top.
shorting selective stocks, being careful..
taking profits when i can , so call me the anti-smurfer.

 

[ghostzapper]

Quote from ghostzapper:

I still believe that 1555.9 is a meaningful top.

No change here.
By the end of the day, this top will look more robust.

 

[SiSePuede!]

Quote from ghostzapper:

No change here.
By the end of the day, this top will look more robust.

I think that's clear...the chatter about the Spooz making new highs is gone. Even with some strong multi-national earnings the markets are slumping. It's time to retest at least 1500 it seems. SPY Puts locked and loaded.