The S&P has topped !

Has the S&P topped and headed for a sharp correction?

  • yes

    Votes: 58 30.5%
  • no

    Votes: 59 31.1%
  • I don't know / I don't care / I don't like you

    Votes: 73 38.4%

  • Total voters
    190
Quote from fly down:

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

The individual stocks have put in topping patterns as of today. The sentiment is extreme. Nowadays the corrections happen fast. I say right now is a great time to load up because it could be much lower in a few days.

We are down nothing at all, maintaining the gains of Monday.
Close the thread its another Fly Down failure.
 
Quote from fly down:

I think this is a little much. This thread doesn't need tick for tick recaps.

S&P @ 1269

S+P @ 1271.

and you didint answer the question!

tick for tick recaps will continue next week :p
 
The trend is UP. You should be LONG. The market is going HIGHER. It is January, money is flowing around. All dips will be aggressively bought. Ben is inflating equities. The shorts are going to get squeeeezzeeedddd.


If we were going to have your massive correction, it would have happened already. Dips are being aggressively bought. Ben is inflating equities. You should be LONG. The market is going HIGHER.

Money is flowing INTO the markets.

Money is flowing INTO the financials.

Even the homebuilders are holding up.

Tech is strong.

Apple is strong.

Demand remains for commodities.

Transports, holding up.

The only possible correction will be in precious metals. If they continue to sell off, that money will have to go.... somewhere..... into.... the stock market!

Tell me, why are we going to correct? What is the catalyst? People are buying protection, not selling.

Earnings? Dips will be bought, aggressively.

Post your net short position please! Let's see how convicted you are.

Doug Kass said we topped in December. Everyone expected a January sell off. Still waiting...

Where is the fear? I don't see it in the price action. I see money, flowing around.

The trend is UP.
 
Quote from fly down:

I doubt it, the market is headed lower and you won't recap then.

sure i will. but the market isn't headed lower from what i can see. each time we have a (minor) sell off, we get the pomo/bot churn higher. just like every day last week (except for monday) and just like today. drop a good amount at open, churn higher on no volume as machines bid everything up.

dont get mad at me because you continue to point out tops that dont end up as tops!

look on the bright side however. one day youll get it right!
 
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