The S&P has topped !

[Zr1Trader]

cmon who doesn't like a rigged market to the upside? I do admit that a nice fast crash is a good time but if you blink you'll miss it and if you watch the pot boil you might be broke before it comes.

 

[candles]

Quote from Zr1Trader:

cmon who doesn't like a rigged market to the upside? I do admit that a nice fast crash is a good time but if you blink you'll miss it and if you watch the pot boil you might be broke before it comes.

x2.
The market is rigged, but I love it.
Just embrace it. When you know we will continue to go up, making money is easier.

 

[fly down]

Quote from candles:

x2.
The market is rigged, but I love it.
Just embrace it.

True. But it is also prone to sharp corrections that are inevitable, like the one that will occur with the onset of january earnings.

 

[pspr]

Quote from fly down:

True. But it is also prone to sharp corrections that are inevitable, like the one that will occur with the onset of january earnings.

Great analysis. I'll have to write that down somewhere.

 

[shortie]

the sharpness of the downside may surprise even the most greedy bears.

mark my post!


but i agree with those who say that the top can't be timed reliably.

 

[Tsing Tao]

decline, eh?

1271 in pre-market, and this is even before pomo begins. last pomo of this schedule ends at 11AM, right before the new pomo schedule begins at 2PM.

top indeed.

 

[gobar]

woo hooo

short 1273 .. stop 1278...

buy @ 1200

 

[shortie]

Quote from Tsing Tao:

decline, eh?

1271 in pre-market, and this is even before pomo begins. last pomo of this schedule ends at 11AM, right before the new pomo schedule begins at 2PM.

top indeed.

so the shorts have 3 hours to knock down this market

 

[Tsing Tao]

pomo finished, 1275.

haha...top.

 

[bone]

All of these posters who start a thread with a proclamation and try to time the S&P in terms of a major market reversal are consistently wrong because they are using incorrect timeframe sampling horizons in their analysis. Some of them are also, IMO, over-reliant upon wave count techniques.

The market has clearly accepted these price levels as correct value, and the more time that we spend at these levels the further this gets reinforced. When a market is in a rally trend, I am looking only at the lows. I want to see if the lows can get taken out in successive sessions, and if indeed we are witnessing a series of higher lows.

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