We Have Topped

Tsing Tao · Jan 25, 2012

Quote from GrandSupercycle:

Bone,
Thanks for actually contributing some analysis with your SP500 target of 1,370.
But why post that emini chart ?
It tells ET readers absolutely nothing.

As opposed to your incessant yapping that tells us all we need to know.

bwolinsky · Jan 25, 2012

Quote from bhardy307:

Beau "Bear", don't give this guy a hard time! You just bought into SQQQ again! AAPL has just cost you a bundle in after hours trading.

Where did that high of 2396 go? We're rapidly approaching 2500 now. What about that collapsing Euro?

I guess I was wrong on the DOW 13,000 by the end of 2011. Missed by a month or two.

I was long apple in another account not having to do with my model.

Sitting 2443 from 2469.

SimpleTrades · Jan 25, 2012

Beau, you got into sqqq at 16.02 if I'm remembering correctly. It's ok. My point was simply that you are just as bearish as tricycle.

bwolinsky · Jan 25, 2012

Quote from bhardy307:

Beau, you got into sqqq at 16.02 if I'm remembering correctly. It's ok. My point was simply that you are just as bearish as tricycle.

I got out of my short on SQQQ at 15.74. Had a signal to cover on the open, waited a half hour, and got a lot of it back.

Unhedged long 1 TF and a position in AAPL.

GrandSupercycle · Jan 25, 2012

Despite spikes the SP500 daily chart continues to break down from serious overextension.

R. Raskolnikov · Jan 25, 2012

Agreed, Trader28

Quote from braindrain:

Calling tops is a mugs game, the market lets you know what it's doing in due course.

Lucrum · Jan 25, 2012

Quote from braindrain:

...the market lets you know what it's doing in due course.

And Grand Poo Pah lets us know AFTER it's already happened.

wiesman02 · Jan 25, 2012

Quote from GrandSupercycle:

Gold / Silver / SP500 daily charts continue to break down and further downside expected.

what are you talking about ? gold and silver are not breaking down at the moment

Nine_Ender · Jan 25, 2012

Quote from Lucrum:

And Grand Poo Pah lets us know AFTER it's already happened.

Yep, he's always behind the curve. Might be interesting to map out the SPX and his calls since September ( using the timestamp of his posts ) and see how many points he's lost trading it.

GrandSupercycle · Jan 25, 2012

Quote from bone 01-25-2012:
No, dillweed. 1370 is your target. Market timing is such a fool's errand. You are not correct. The market is correct.

01-25-2012
Bone,
Thanks for actually contributing some analysis with your SP500 target of 1370.
Why is it 1370 ?
And why post that emini chart ?
It tells ET readers absolutely nothing.