Who else thinks a Correction or CRASH may be coming? My top call #2 1/9/2021

You said:
Fail, and calling you out.

So many that "call tops", or say the market is going to crash here, and worse, on TV, that never get called out and told how many many many times their wrong.
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Did I somehow miss more new alltime highs today?
 
themickey said:
Seasonality kind of works and kind of doesn't.
Go away in May didn't work last year.
Gold rally around Christmas didn't work.
My call, atm no sign of top, no sign of bearishness, just lots of nervousness about which is healthy.
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Well, nothing works all the time. In the end it's just probabilities. I have no skills in such long term forecasts, so I'm just following along. :)

So far, this drop just took care of some air below, so it's not easy to say if this was it or if there's more to come.

My view is that the markets really shouldn't be at these levels anyhow, but as long as the conditions which took us here are still in place, I wouldn't bet against it on that basis either.
 
I'm still confident a correction is coming... look at the chart. my top call may not be perfect, but i think it's close. :D watch the next couple of weeks; it's earnings release time

spx28jan.jpg
 
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You said:
Fail, and calling you out.

So many that "call tops", or say the market is going to crash here, and worse, on TV, that never get called out and told how many many many times their wrong.
More...

You fail. The only other time I called a top was last January, right before the big crash a few weeks later. Nailed it. Of course the ET peanut gallery disagreed with me back then, too... #lol

Update futs down 6:15et a bit, plus mkt sold into close today #gobears

https://www.elitetrader.com/et/threads/market-top-here-because-tvix-1-year-high-volume-today.339756/
 
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volente_00 said:
Nothing has changed

will still touch your yellow line from 3800
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Anything's possible, though I think we'll get a correction soon. Futs are down tonight. With the GME issue causing controversy and concern re potential new regulations, plus covid and negative reactions to earnings, I am even more confident that a correction will occur soon.

That's what makes markets, different trading ideas, which is great.
 
KCalhoun said:
I think the froth ends soon and a major correction will occur within 2-3 weeks.
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Ok, the three weeks will be done today and since the call the SPX is down 1% and QQQ up 0.7% ( ignoring today's pre-market action ). There was no major correction. In fact, plenty of action but none of it in US indexes. My call in December was to forget about shorting US indexes until the first three weeks of January were done in fact, you could have started those trades this week as I suspected ( but with no certainty if and when US markets will drop; it was just pointless imo to bet against normal seasonal patterns ).

After great results in November and December, I mistimed some things and lost some great gains in January ( flat on the month, underwater until yesterday's silver move ). However, today is promising I have 5 silver stocks ( added MAG yesterday ) two of which are rapidly recovering some heavy unrealized losses the last two days. Which illustrates there is far more action ( up or down ) in things other then US indexes. I have only one gold position at the moment but it's a large position due to move up.
 
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Nine_Ender said:
Ok, the three weeks will be done today and since the call the SPX is down 1% and QQQ up 0.7% ( ignoring today's pre-market action ). There was no major correction. In fact, plenty of action but none of it in US indexes. My call in December was to forget about shorting US indexes until the first three weeks of January were done in fact, you could have started those trades this week as I suspected ( but with no certainty if and when US markets will drop; it was just pointless imo to bet against normal seasonal patterns ).

After great results in November and December, I mistimed some things and lost some great gains in January ( flat on the month, underwater until yesterday's silver move ). However, today is promising I have 5 silver stocks ( added MAG yesterday ) two of which are rapidly recovering some heavy unrealized losses the last two days. Which illustrates there is far more action ( up or down ) in things other then US indexes. I have only one gold position at the moment but it's a large position due to move up.
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Smart thoughts,, right re silver eg SLV was up.

Hey CRASH helmet on yay #gobears GME broke the market lol
 
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