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We have topped!
- Thread starter TopHat
- Start date
Yes mister, 14 days up. I think this is a record, I remembered in August '11, some indexes were down 14 days in a row, before a big rebound, but 14 days up? Does someone can tell if an index was up more than 14 days? Maybe the Nasdaq ? I am curious.
CM
Don't know what other indexes I can pinpoint now but 14 up days is one FU$k of an uptrend without the slightest pullback..... Even the semis have been on an absolute tear....and this is all based on a Trump win?
Hmmmm
Industrials leading the Dow to new highs today
Yesterday telecoms...
The day before oil and last week it was financials and healthcare....
Nasdaq down on Amazon and Google weakness...remember the Nasdaq is made up of a few stocks...without them in rally mode its a worthless market.
So as you have noted you have Industrials, Transports, Financials, Telecoms, Small Caps, much of the tech sector (EXCEPT GOOGL and AMZN) and oil and commodities (EXCEPT GOLD) all going higher and you focus on the 2 biggest stocks not doing well as a reason not to follow this rally? This is what rotations look like. People are taking their profits in GOOGL and AMZN and the like and putting into all the other sectors. Money is quickly flowing out of gold and bonds and being put to work in the market. Look at any of these charts.
...OK so out of every index out there right now and every chart available to you what is the next sector or sectors or indexes or what ever you want to call it is showing the next collapse???
I want to know ....
I forgot to mention Utilities. So there will be at least a 20% correction (bear market drop) in BONDS, GOLD, and UTILITIES. Let's revisit this in 3-6 months and see who is right.
Did you take that NQ long call you made here?Let's have a green finish.
https://www.elitetrader.com/et/threads/we-have-topped.304514/page-12#post-4364044
I ask because at the time you posted this, NQ would have been around 4846 lets say, with a low of 4836.50. But it did end up going as low as 4830.25, which would technically qualify as a stopout since you said your stop would be below the lows, and hence below 4836.50.
Just wondering if this was an actual trade you took or not.
Did you take that NQ long call you made here?
https://www.elitetrader.com/et/threads/we-have-topped.304514/page-12#post-4364044
I ask because at the time you posted this, NQ would have been around 4846 lets say, with a low of 4836.50. But it did end up going as low as 4830.25, which would technically qualify as a stopout since you said your stop would be below the lows, and hence below 4836.50.
Just wondering if this was an actual trade you took or not.
Yes lost that one
Great, thanks for the update.Yes lost that one
I only asked because TopHat, when he made a call that was very firm, couldn't quite live up to the fact that price did in fact go higher than the level he said it never would cross again. So I just wanted to know if all the other calls in this thread were going to be imaginary or not.
Great, thanks for the update.
I only asked because TopHat, when he made a call that was very firm, couldn't quite live up to the fact that price did in fact go higher than the level he said it never would cross again. So I just wanted to know if all the other calls in this thread were going to be imaginary or not.
Can't win them all unfortunately