The S&P has topped !

[S2007S]

Quote from intradaybill:

Market looks overbought and tired.

As long as they can find a stock or 2 in the DOW to keep pushing higher the dow will continue to rise, CAT and IBM are the 2 winners today.

 

[S2007S]

SPX going for 8 straight weeks of gains and not only that but the S$P has not fallen below its 10-day moving average for over 30 straight trading days, this has NEVER happened before!!!!!!

 

[Bowgett]

Quote from S2007S:

SPX going for 8 straight weeks of gains and not only that but the S$P has not fallen below its 10-day moving average for over 30 straight trading days, this has NEVER happened before!!!!!!

Welcome to the bull market.

 

[Tsing Tao]

new top 1295

 

[fly down]

Quote from Tsing Tao:

new top 1295

I'm glad you helped mark the top Tsing.

I'm looking for a grand top at S&P 1295-1300 hitting early tomorrow with a big reversal to the downside tomorrow through thursday. My indicators set up well for downside activity this particular expiration.

 

[bone]

Liquidate some of your longs at 1305.

 

[Tsing Tao]

Quote from fly down:

I'm glad you helped mark the top Tsing.

I'm looking for a grand top at S&P 1295-1300 hitting early tomorrow with a big reversal to the downside tomorrow through thursday. My indicators set up well for downside activity this particular expiration.

ah, a grand top. gotcha.

 

[Nine_Ender]

Quote from fly down:

I'm glad you helped mark the top Tsing.

I'm looking for a grand top at S&P 1295-1300 hitting early tomorrow with a big reversal to the downside tomorrow through thursday. My indicators set up well for downside activity this particular expiration.

We may very well open above your "grand top" so you might have to declare a higher "grand supreme top" around 10 am.

Quite seriously you should just give up until late April. Then you can join me shorting at much higher levels.

 

[noddyboy]

Quote from Nine_Ender:

We may very well open above your "grand top" so you might have to declare a higher "grand supreme top" around 10 am.

Quite seriously you should just give up until late April. Then you can join me shorting at much higher levels.

Unfortunately, more money has been made long than short in the history of markets. I have favored net short from time to time, but right now doesn't seem to be time to be selling short the farm. Perhaps if VIX rise. Even then, my short is something that almost no one on this board is talking about, which is China. Strange how the bears miss the real estate bubble there with 30+ P/Es, and rather short AAPL with lower P/E and higher growth rates.

 

[fly down]

Quote from Tsing Tao:

ah, a grand top. gotcha.

Thank you for proving what I always said about you..that is you know zero about trading.

A grand top forms right before expiration and takes the index lower into friday.