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
I don't need to look at a chart to tell if the ES if up or down, I can tell by the latest poster handle in this thread.

No doubt we are trading in a channel and looking for a break-out one way or the other; curiously, we spend alot more time at the top of the channel than the bottom. Seems like those dips get snapped up pretty fast.

A solid daily close over 130 would be like a free call option, and vice-versa with the put on the 127 handle. Just a break-out waiting to happen after an extended period of consolidation.
 
Quote from candles:

Nice market recovery/bounce so far
More...

As expected, we have now basically recovered the drop ;)
Was funny seeing the bears getting excited on Friday though, lol:
''this is it!!...top is in!'' hehe
 
As I said yesterday by wednesday every loss from Friday will completely gone, dow 12,000 and spx 1300 are coming back by tomorrow afternoon and by Friday both indexes will have closed at new highs for the year. Was funny to see the bulls crying on Friday, they thought the rally was over...do you honestly think that was the top??? Bubble ben bernanke will do anything to prop this market higher, any small decline is just another buying opportunity...Bubble ben bernanke will not let the market drop, risk free markets is what we have today!!!
 
Quote from S2007S:

As I said yesterday by wednesday every loss from Friday will completely gone, dow 12,000 and spx 1300 are coming back by tomorrow afternoon and by Friday both indexes will have closed at new highs for the year. Was funny to see the bulls crying on Friday, they thought the rally was over...do you honestly think that was the top??? Bubble ben bernanke will do anything to prop this market higher, any small decline is just another buying opportunity...Bubble ben bernanke will not let the market drop, risk free markets is what we have today!!!
More...

Real Investors and BULLS are all Invested
and
most BEARS are turning into BULLS.

Voltality index had the biggest jump in last 6 months. Evene tho I do not track VIX for any investing decisions, however it is a good Indicator to show market reactions.

Most, major stocks are showing volatile price movements, It is usually a sign of Near Balance in Bulls n Bears - just like in a Tug of war.

True that we are in a decent UP trend that has been intact for a while, but NO one and NO one should be cocky enuf to predict market futures.

ANd the Myth of Bernake. Yeah it helps to fuel the market, but do you truely believe when Trillions will start bleeding on Profit taking. Bernake can stop that. He works for the Smart money. When they tell him we are out of our major positions. He will say ... HUmmmmm Economy is not so bad after all.

Not all Here trade the same time frames, its funny to see how each one of you Claim to have a magic ball.
 
Its good that Friday's drop is out of the way now.
Cant see anymore drops like that for a while.
Should be sunshine ahead overall :cool:
 
Quote from fly down:

It'll be under 1200 by the end of the month (January) for starters.
More...

Well, it's above 1300, a new multi-year high. Let's close this thread and proclaim a new "top" in another thread.
 
Quote from nonlinear5:

Well, it's above 1300, a new multi-year high. Let's close this thread and proclaim a new "top" in another thread.
More...

i agree the call is busted. even Egypt did not help
 
You must log in or register to reply here.
Back
Top