The S&P is looking very toppy

Quote from VOLUME:

James, is the "top" 1150 or 1170?

If you short 1150, are you holding short all the way to 1170?
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I think you've been topped.

Who is calling a 350 point S&P rise to A SINGLE POINT OF TOP??
Are you nuts?

On the way up, i've said the top will occur in the very narrow range of 1150-1170, less than a 2% range. I'm calling for this major bull market which started at 800 S&P to top, and i'm giving a range of less than 2% where the top will be.

Figure the rest out.
 
My question was....Are you short now? And if so are you placing stops at 1170+.

It's your thread, so what is your strategy?
 
The forecast of a top in the S&P somewhere in the 1150 to 1170 range seems reasonable to me. But I don't yet see strong evidence for it.

If the $SPX were to take out the Dec. 13 low of 1115.19 and make a lower low, that would be evidence that it had put in an important top.
 
Quote from VOLUME:

My question was....Are you short now? And if so are you placing stops at 1170+.

It's your thread, so what is your strategy?
More...

Makes sense.

I'll tell you i'm short 200 Feb 1200 calls @ 2. If I buy them back, this board will know about it, as I have posted in the past when i'm covering calls.

Last and only time I covered my calls on ET was last Dec 1075 @ $5, they settled a week later @ $13.70. That's a good trade!
 
Quote from valleyvintner:

The forecast of a top in the S&P somewhere in the 1150 to 1170 range seems reasonable to me. But I don't yet see strong evidence for it.

If the $SPX were to take out the Dec. 13 low of 1115.19 and make a lower low, that would be evidence that it had put in an important top.
More...

Interesting. I agree.
 
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