Where's the top?

zghorner said:
you are preaching to the choir man...i was one of those gay bears last spring that were balls deep in puts mouth watering for unemployment numbers...record breaking horrible numbers were released and market gaps up so hard my butthole fell off. learned a hard lesson through all of that to trade with my eyes and not my mind (logic, expectation, etc...).
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I could rip into you guys on some of these ideas but it's not worth it some fundamental learning has to occur that takes time. Basically when one becomes overly negative about everything your mind does not allow you to see any reported positives for what they are ( S2007S seems to be permanently in that state of mind ).

Look back to what I said in March. It takes a lot of conviction and good sense to be scouring for bargains on stock markets when everyone is either in a panic or gleefully congratulating themselves for all the wrong reasons.
 
I moved
Nine_Ender said:
I could rip into you guys on some of these ideas but it's not worth it some fundamental learning has to occur that takes time. Basically when one becomes overly negative about everything your mind does not allow you to see any reported positives for what they are ( S2007S seems to be permanently in that state of mind ).

Look back to what I said in March. It takes a lot of conviction and good sense to be scouring for bargains on stock markets when everyone is either in a panic or gleefully congratulating themselves for all the wrong reasons.
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I moved on man and have embraced the bull. Market goes up most of the time therefore it pays to be long most of the time.
 
Buy1Sell2 said:
Anybody think that the top will be in before 4000 cash?
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The ES will now drop 10% because I just went long for an overnight hold. Last time I tried this in MNQ in middle of Feb, the NQ went into correction. So here we are again.

And before you ask me why I didn't do it in the Dow? Well, because the Dow is at ATH. Lord knows going long at ATH is stupid, as I have proven over and over and over again.. The ES is not at ATH, so it seemed the safer play.
 
The top isn't in yet from what I can tell. It took me a long time to figure out how to determine whether the market is risky or not and so for a long time I was always worried about getting caught on the wrong side. Right now, I can't find any reason to fear the market. That doesn't mean it's a great value here but just seems like higher highs are in the future based on my methodology.
 
Overnight said:
The ES will now drop 10% because I just went long for an overnight hold. Last time I tried this in MNQ in middle of Feb, the NQ went into correction. So here we are again.

And before you ask me why I didn't do it in the Dow? Well, because the Dow is at ATH. Lord knows going long at ATH is stupid, as I have proven over and over and over again.. The ES is not at ATH, so it seemed the safer play.
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Are you crazy.....the ES is guaranteed to go to 4000++++++++++ it's free money. You made the best choice in going long. Markets know one way and only 1 way. UP ....we should be at 4000 by end of march!!!!!!!!!!!!!!!!!!!
 
S2007S said:
Are you crazy.....the ES is guaranteed to go to 4000++++++++++ it's free money. You made the best choice in going long. Markets know one way and only 1 way. UP ....we should be at 4000 by end of march!!!!!!!!!!!!!!!!!!!
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Your admonition makes me feel better in how many ways? Um, none. Because my NQ position is still down 900 points. So who the hell cares what the ES will do? Nothing can save the NDX. Bond prices MUST rise, and the SLR problem MUST be resolved by the Fed, or the market is going to go apeshit down. HARD. We have about 3 weeks for that conundrum to be resolved.
 
We topped 3rd week of February.

Not expecting a crash like last March - just a slow begrudging sideways - down period that will likely last months at the least.

Just IMHO of course.
 
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