The S&P has topped !

Has the S&P topped out around 1290-1300 ?

  • yes

    Votes: 25 29.1%

  • no

    Votes: 37 43.0%

  • oh geez / I don't know

    Votes: 24 27.9%
  • Total voters
    86
Quote from GrandSupercycle:

THE SHORTERS HAVE BEEN DRIVING THE MARKET *UP*
Do you understand how ?
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No, I don't as I'm a newbie to this business. Please explain. I just read things like this blog today that says "Equity bulls still have the upper hand." I don't see where equity bull buyers have anything to do with short sellers which seems to me is the opposite. Here is the blog site for the equity bulls quote and look at the Jan 10 & Jan 11 entries:

http://stockmarket618.wordpress.com/

You are a futures trader so could you also educate/explain to me what caused the 13 point gap up in the S&P 500 yesterday morning as I don't understand that either? Thanks and have a nice evening.
 
SP500 daily reverts to bearish and down leg commences at last.

bc1 - equity makets have been repeatedly ramped upwards due to shorters closing their trades in a hurry. This aggressive buying from short sellers has helped elevate the markets.
 
Quote from trefoil:

Calling tops in a Presidential election year is hazardous to your wealth, such as it may be. Remember the immortal words of Ed Hart: "The most reliable economic cycle is the four-year Presidential election cycle."
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Are you serious?

Sir, I respectfully refer you to 2008, which i believe was the last presidential election year.
 
which top is it ...........?

the latest top, a double top, a box top or the 4 tops.

the only tops that are guaranteed are old tops, the last top a bottle top and the 4 tops.

please advise.

but when they finally get around to puking em out, make sure u r short.....:)

s


:cool:
 

Attachments

Quote from formal gold:

Are you serious?

Sir, I respectfully refer you to 2008, which i believe was the last presidential election year.
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There's always the glorious exceptions. You do realize it's all probabilities?
Then again, maybe not...
 
Quote from galvinlee888:

The sp future don't seemed a big gap down today (1/11) even the big rally yesterday.

My take for this is it will whipsaw today or even end up another up day.

Prepare for a big rally again tomorrow !!!!!! :D
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It seemed I am right(again)

Small Bicycle -You want to admit you are wrong (again) or as you usual do, just change to bull view and claim you are right again:D
 
Quote from nonlinear5:

The bull market ended 12 years ago.
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You shouldn't use terms you don't understand. We have been in a bull market since March 2009. Higher highs, higher lows in waves. Summer correction established a new base.

Technicals have their limitations though; there are no guarantees that a market will behave according to labels.
 
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