The S&P has topped !

[fly down]

Quote from candles:

You were saying?
The 'dip' is now already looking like a distant memory! Bulls are in complete control.

I respectfully disagree.

 

[fly down]

Quote from Tsing Tao:

of course for a top to truly be a top, it has to be re-tested, right?

Have you ever traded stocks or stock indices? From the way you post it sure doesn't seem like it.

 

[Locutus]

Quote from fly down:

Have you ever traded stocks or stock indices? From the way you post it sure doesn't seem like it.

Why? Unless the drop is (going to be) particularly violent the thought isn't far-fetched at all.

 

[Tsing Tao]

Quote from Locutus:

Why? Unless the drop is (going to be) particularly violent the thought isn't far-fetched at all.

hes just mad that this thread is full of hilariously bad calls he made.

 

[jokepie]

IF anything, This right now, 1290 area is to have great R:R advantage to START building a SHORT on S&P.
This is not to call any dummbass TOPS. Just a trade that seems to be brewing.
Considerable weakness in mid cap stocks and some major speculative names.

 

[fly down]

Quote from Tsing Tao:

hes just mad that this thread is full of hilariously bad calls he made.

mad? lol

I'm up in 2011. If you understood anything about trading..well then you probably wouldn't have been a moderator

 

[Tsing Tao]

Quote from fly down:

mad? lol

I'm up in 2011. If you understood anything about trading..well then you probably wouldn't have been a moderator

why do you say that i am a moderator? as for being up in trading - whether you are or not is irrelevant (though laughable since you feel the need to say that in order to counter the completely abysmal calls in this thread and the other prequels to it).

 

[Jackie Treehorn]

Re test of the highs is def better than a 2% sell off...




IF we fail... its 5- 10%

 

[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

fly_down did the best he could. it was not a bad call, just not precise enough. he still should get the credit given the fact that he made it on his own without the above expert opinion.

 

[zxd]

Looking at a double top now, head and shoulders