The S&P has topped

The S&P has topped

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    59
bone said:
... Even if the market reverses and you stop out it is a gutsy call and I commend you for the raft of crap you've been taking over it.
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"...The raft of crap"???

Not to rekindle anything, but it's only been the stated 'volente' fans featherweight, goochi, and theotherguy, who were seeking to insult or berate anyone. After 23 pages of what was started as a lightweight discussion, no one need think this thread was/is anything more, despite the sad efforts to amplify it. Hopefully, everyone is making a dollar (or currency of your choice) today.
 
Pekelo said:
2. I agree with Vol, but probably we will put another top in. I am guessing mid March (so let's say next week) and down we go.
4. Huge gaps ....As a minimum this last one from 2365 SPX will be closed in 2 weeks...
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The market was sneaky a bit, but my prediction got fulfilled (kind of) yesterday and today. The futures gap was closed for sure, the SPX had a 17 points gap, and only 2 points left, which is nothing, that's why I called it sneaky.

Now we are going to see another run to put in the 2nd top. I say in the next 2-3 days we should reach 2395 on the SPX.
 
Pekelo said:
Now we are going to see another run to put in the 2nd top. I say in the next 2-3 days we should reach 2395 on the SPX.
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--Could happen but odds don't favor it-- This is why I have not bought back in yet. I am bullish on the market but would like to see a proper pullback before getting long again.
 
I agree with both Pekelo and Buy1Sell2. Short term top is likely in. We will have a bounce soon with the perma-longs saying "SEE,... the BULL is still alive" only to get rejected as the market corrects 5-7%. I suspect a lower high or double top will form. So, Staying in mostly cash until the bounce and looking to liquidate final long positions and possibly open up short positions on certain sectors which I will keep to myself and a couple people.
 
eganon69 said:
I agree with both Pekelo and Buy1Sell2. Short term top is likely in. We will have a bounce soon with the perma-longs saying "SEE,... the BULL is still alive" only to get rejected as the market corrects 5-7%. I suspect a lower high or double top will form. So, Staying in mostly cash until the bounce and looking to liquidate final long positions and possibly open up short positions on certain sectors which I will keep to myself and a couple people.
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I do believe we are still in bull market mid and long term.
 
Pekelo said:
I think tomorrow's job report is going to be the catalyst for the move...
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So it comes in strong as expected.
4 rate increases becomes the mantra.
The market goes up because that means the economy is "sooo" strong.
Good paying jobs abound.
The consumer is fat.
I don't buy it.
Higher interest rates are bad no matter how its spun. They slow down everything.
We might see the "Surf" sell-off tomorrow.
 
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