SPX Has Topped For The Year Or Pabst Will Leave ET

Quote from EqtTrdr:

Anyone know what time PABST will leave ET today?


thanks
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We're 10 points below his SPX line in the sand. What part of his original post do you find confusing?
 
okay time for me to monday morning quarterback and chime in on this popular thread....pabst may well be riight but i think it would not be safe to short the spx until the uptrend line from july to now breaks.....market goes sideways and kills upward momemtum before it goes down.....in the meantime the odds are of a continued move higher.....the most important thing in trading is to be right at the right time....longer term, even if a bear market begins soon i think it'll be one of the weakest ones on record and the mother of all bull markets still ahead of us if we can just get valuations down to a decent base of around 12 or so.....the days of 5-10 PEs are behind us as companies now are way more productive now than at anytime prior....and don't forget inflation and interest rates still pretty low historically.
 
Quote from Raystonn:

I would say the probability of your top holding has decreased dramatically. Let's see where we end today. I will have an opinion tonight.

-Raystonn
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Reminds me of that old saying.

"Opinions are like assholes. Everybody has one."
 
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