The S&P has topped !

[volente_00]

Wow a new record for being wrong rubberbird.

At least this one took longer for you to eat crow.

Quote from fly down:

the S&P closed today @ 1104.18

To me, it appears the rally is overextended and on weak legs. I think there could be downside to 1000 as the september-october season arrives coupled with other factors favoring downside. What do you think?

 

[jjf]

Quote from fly down:

The S&P closed today at 1270.2 Looks like we're headed for a sharp correction.

The sentiment is extreme.

"
The sentiment is extreme. "

Yes indeed and the WH along with the FED are determined to keep the markets UP.

 

[fly down]

Quote from jjf:

"
The sentiment is extreme. "

Yes indeed and the WH along with the FED are determined to keep the markets UP.

There is just so much the WH and Fed can do.

Extreme sentiment will play a factor very soon.

 

[shortie]

Quote from shortie:

i was going to vote: "I like you" but it is not listed

my second choice is: a sudden +2% jump followed by a correction - also is not listed

SPX 1270

short any large jump after the job report = easy money

 

[noddyboy]

Quote from shortie:

SPX 1270

short any large jump after the job report = easy money

So you begun to short today?

 

[shortie]

Quote from noddyboy:

So you begun to short today?

no my hot trading idea is for those who still have the money

 

[shortie]

question to OP: how deep do you expect the correction to be (provided it will happen from this level)?

 

[noddyboy]

Quote from shortie:

no my hot trading idea is for those who still have the money

Give that there is a net long in the market at all times, that would be everyone in the market on average?

 

[fly down]

Quote from shortie:

question to OP: how deep do you expect the correction to be (provided it will happen from this level)?

shortie you can call me fly.

It'll be under 1200 by the end of the month for starters.

 

[Tsing Tao]

Quote from fly down:

shortie you can call me fly.

It'll be under 1200 by the end of the month for starters.

i was hoping you'd put some concrete numbers behind your latest prediction. thank you.

at what point do you feel this top call is invalidated?

best of luck. i am inclined to lean your way, but pomo wins all.