We Have Topped

[Mav88]

Hey supercycle, where do I put my stops at? I shorted based on your call of a top on 23 January. Please help

 

[volente_00]

grandsupercycle = formal gold

 

[GrandSupercycle]

Quote from GrandSupercycle:
SP500 weekly chart megaphone pattern shows overextended price action hanging in mid air.
Chart also shows possible smaller megaphone and rising wedge scenario.
Megaphone patterns reflect an unstable market prone to large swings in sentiment.

 

[SimpleTrades]

Quote from GrandSupercycle:

Idiot! You called the top at 1322. We're now at 1341!

 

[wiesman02]

Quote from bhardy307:

Idiot! You called the top at 1322. We're now at 1341!

And all of us at ET are so surprised at this result ! lol.

Surprise surprise, drawing lines on charts will not help in predicting where the market will go.

 

[shopster]

Quote from GrandSupercycle:

Megaphone patterns reflect an unstable market prognostication....

not correct........

cycler is short at 1295.50 on jan 18th
no stop
his butt flapping in the wind.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=234588&perpage=6&pagenumber=4

as far as the megaphone is concerned, use it as a dunce cap.

now go sit in the corner....

s

 

[shopster]

A Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low

spooze traders likes this ............

s

 

[shopster]

always short after the retrace move is over and a new double bottom forms.

try to catch the low of the day.

way cool.

-45 handles under water.
ouch....

s

 

[SimpleTrades]

Cycle needs to follow Bwolinsky. Bwolinsky finally learned his lesson and went long. He's actually starting to recover his losses now.

 

[bwolinsky]

Quote from bhardy307:

Cycle needs to follow Bwolinsky. Bwolinsky finally learned his lesson and went long. He's actually starting to recover his losses now.

In a big way, too. Like $20,000 way.