The S&P has topped !!

Has the S&P topped right here?

  • Yes, I agree with the bird

    Votes: 68 34.9%
  • No, I don't agree. Market is going higher

    Votes: 71 36.4%
  • I don't know/I can't form opinions/the bird is a moron

    Votes: 56 28.7%

  • Total voters
    195
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I have over the years gradually gotten away from using stops in my position trading due to the fact that I never overextend myself and use very low leverage. I am also not overextending myself in my day trade experimenting here. As time goes on, I may bring the stops closer, but right now, while getting the daily rhythms down, I will use the wider stops and adjust as we go on. Good question, thanks for asking it. Keep in mind that with the kind of low leverage that I use, it would take a full doubling at the very least of the value of the ES to really put a hurt on me.
 
Quote from loufah:

The futures are still falling, down 3 from the close. More or less a straight line (constant slope), starting at 3PM.

yes, thank you. the big boys were following the bird today. as you can see my "double top" post today was clocked at 2:32pm w/ S&P @ 1296. What a call !!

Quote from rubberbird:

beautiful S&P double top @ 1297.5

no can get thru 1300
 
Quote from rubberbird:

yes, thank you. the big boys were following the bird today. as you can see my "double top" post today was clocked at 2:32pm w/ S&P @ 1296. What a call !!
go ahead Bird do your Chicken dance. Oh Brother...
 
nice bird, so do you trade off mostly chart patterns or are you just using them as confirmation of something you are not telling us?
 
Quote from William Rendick:

go ahead Bird do your Chicken dance. Oh Brother...

that's right rendick. when you make a great call & real money, you get happy. maybe one day you'll understand, maybe. bird over and out.
 
'Nother rockin call, Bird? WTG

Butthead.gif
 
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