sign of a market top?

Z

zdreg

https://www.elitetrader.com/et/threads/classification-of-professional-on-ib.314452/

exchanges are becoming more vigilant about collecting fees and raising them. is this a signal of a market top? it has the taint of greed which is typical of market tops. warning: in itself it is just one of many signals that might indicate a top, but it is certainly not the ultimate greed signal of a top.

my favorite buy signal of all times was years ago the pakistani exchange was literally flat on its back. to reverse the down trend they slaughtered goats on the floor, as a sacrifice to the gods. the bottom was then in. true story.

it was later confirmed by barton biggs of morgan stanley who took the closed-end stock
fund of Pakistan private right near the bottom. the market then rallied very sharply.
 
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beerntrading said:
Nope, someone needs to get in touch with @Baron about cleaning out all these bear carcasses. I think a more interesting thread would be, next recession's bottom, above or below today's SPX.
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When ETers en mass say it's gonna keep going up, that's about when we hit the top, and I reckon it's about now.
 
themickey said:
When ETers en mass say it's gonna keep going up, that's about when we hit the top, and I reckon it's about now.
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Next week will be a small make-or-break moment, with Trump's tax plan. Then there is the inertia of this insidious long, plus the Fed chair decision...This long feels too sustained. Something's gotta' give here.
 
Overnight said:
Next week will be a small make-or-break moment, with Trump's tax plan. Then there is the inertia of this insidious long, plus the Fed chair decision...This long feels too sustained. Something's gotta' give here.
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I think it's a matter of how much time wall street will give the politicians to pass a tax plan. So far earnings have been good (or at least the large companies that I have been watching).
 
ET180 said:
I think it's a matter of how much time wall street will give the politicians to pass a tax plan. So far earnings have been good (or at least the large companies that I have been watching).
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I agree. The markets are still going up on earnings. But something still does not feel right about this bullish insanity. Something is going to give and when it does I do not wish to be there in the long. I lucked out this week...

I will not do it again until after the holidays.

I would be so long, were it not for Mr. Trump. Damnit, I hate what he is doing to the trading economy!


 
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