The S&P put in a short term top on 2/20/07

[JSSPMK]

Quote from ByLoSellHi:

You'd "rather participate in a sell off?"

when the top is truly in, you will know, everybody will know that market has topped as it will break through all major daily support levels much faster and fiercely than on the way up. Then sell pullbacks towards weekly support levels. Why guess?

 

[JimmyJam]

Quote from JSSPMK:

when the top is truly in, you will know, everybody will know that market has topped as it will break through all major daily support levels much faster and fiercely than on the way up. Then sell pullbacks towards weekly support levels. Why guess?

No need to tell them the obvious, let them think what they will, hopefully they're putting their money where their mouth is and will contribute to the coming upside short squeeze.

Jimmy Jam

 

[ByLoSellHi]

How many times will one allow themselves to get stopped out in a series of seemingly endless dips, before capitulating? Think 2002.

If you're bullish, you're bullish. I would never say you're wrong. We all can only form our own hypotheses, and implement our rebalancing strategies.

 

[JSSPMK]

Quote from JSSPMK:

What is the point of predicting a top if you can simply ride the decline that's going to build a lot of momentum when it does happen. Just because charts show something to you, that doesn't mean that the actual top is in. You have to observe institutionals behaviour, they mark tops & bottoms, we follow. If we try & front run them then we would be gambling. I would rather participate in a sell off, than predict it. I don't see the point as you might get burnt 10 times before you hit bulls-eye, so what is the point? It sounds like you are playing some sort of a game here.

Why would someone want to call a top here I don't understand, it's a Russian roulette, just look at the chart, we are talking charting basics.

 

[JimmyJam]

Quote from ByLoSellHi:

How many times will one allow themselves to get stopped out in a series of seemingly endless dips, before capitulating? Think 2002.

If you're bullish, you're bullish. I would never say you're wrong. We all can only form our own hypotheses, and implement our rebalancing strategies.

Yeah, I don't see any of those endless dips that you're referring to in the previous post, LOL.

2002 , Vol's calling Tops in a runaway bull market.

Smart.

JJ

 

[volente_00]

Quote from nonlinear5:

Where do your targets come from?

Moving averages and option interest.

 

[volente_00]

Quote from JSSPMK:

What is the point of predicting a top if you can simply ride the decline that's going to build a lot of momentum when it does happen. Just because charts show something to you, that doesn't mean that the actual top is in. You have to observe institutionals behaviour, they mark tops & bottoms, we follow. If we try & front run them then we would be gambling. I would rather participate in a sell off, than predict it. I don't see the point as you might get burnt 10 times before you hit bulls-eye, so what is the point? It sounds like you are playing some sort of a game here.

Sheesh, my prediction was for a 17 and then 34 point drop from 1461, not a 500 point bear market drop.

 

[S2007S]

Quote from ByLoSellHi:

The Facebook sale to Google was my 'microcosm contrarian indicator' on tech.

Didnt you mean YouTube....

Facebook had the chance to sell out to yahoo months ago but didnt, I think it was a foolish move. Yahoo was going to offer more than a Billion and they turned it down. Fools.

 

[volente_00]

 

[shortie]

Quote from volente_00:

I got a second signal from my auction computer once again. Just as before when we were at 1431 and fell 25 points, this signal was generated from the computer that I bought from an auction from thorn's defunct hedgefund. This signal is calling for max upside from today of 1464 and a minimum decline to 1444 on cash. Look out below.

nice call!