The S&P has topped !
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It is really diffivcult to figure out the end of the bull market and start of a correction. You should follow the market carefully and maybe have no big position to be biased. Once you realize that market is going down, it is already down about 4% and many people start to buy as they see it as a buying opportunity and end of mini-correction and then the market goes down more. Always market behaves like a bitch !
Quote from jokepie:
Its not the number or value; its the behaviour of price, which we all know is whatt really matters....
u r funny sing sing
id agree with that statement, but how can you discern anything from the behavior in the last two days? unless youre referring to the volatility.
was that the crash? 
phew, at least its out of the way now. hehe
But seriously, the easy money on the ES will always be to the upside by its very nature. The market is geared to go up.
Once in a blue moon there will be a very big drop, likely caused by some world event. Even then, its only a matter of time before the bargains are swept up and we rally HARD again.
Shorting something like the ES is like attempting to collect small change on the roads of a busy highway.
phew, at least its out of the way now. hehe
But seriously, the easy money on the ES will always be to the upside by its very nature. The market is geared to go up.
Once in a blue moon there will be a very big drop, likely caused by some world event. Even then, its only a matter of time before the bargains are swept up and we rally HARD again.
Shorting something like the ES is like attempting to collect small change on the roads of a busy highway.
Quote from i_c_fed_people:
was that the crash?
phew, at least its out of the way now. hehe
But seriously, the easy money on the ES will always be to the upside by its very nature. The market is geared to go up.
Once in a blue moon there will be a very big drop, likely caused by some world event. Even then, its only a matter of time before the bargains are swept up and we rally HARD again.
Shorting something like the ES is like attempting to collect small change on the roads of a busy highway.
You r rite...I should go long today n in 40 yrs i will be up on he trade fr sure..
Do not worry. The FED just printed another $7.272 billion for nice afternoon push up.Quote from S2007S:
Afternoon rally? I think so!!!
Why would the market close lower on a Friday when the last 4 days in a row the market has been higher, why break the trend now, keep it going...
Those job numbers were the best in years, that should easily push the markets to new 2011 highs...hahahah...
11:06 a.m. Today:
Fed buys $7.272 billion in Treasurys