Quote from Nine_Ender:
I happen to agree certain sectors and/or stocks actually could go for a minor correction. But guessing a top on an index in a big bull move is a stupid game that can't really be traded profitably.
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The biggest mistake of traders and investors is not being able to wait patiently. The factors are all there for a big downturn (not a "minor correction") and this thread is just 1 calendar week old which is nothing. I bet if I said on October 4th 2007 the market would crash then you would be typing out this same diatribe trying to give me "pointers".
The retracement move ended in April and we have been downtrending since. There are trillions of dollars invested in the members of the $BKX and BAC is leading the way down. If BAC goes below 10, then the slide will happen very quickly.
We are now on the 20th day of October. The top of the market was put in on the 18th....

