I can't see how most people feel the market is locked in to go up. I think it may have topped and that it is going down. We had a measured move to an estimate of 2012 and ES topped Wednesday at 2011. I have posted that with a close < 1988 we could start a big leg down, which I'd like to revise to <1982 for stop-running). We have touched an intraday low of 1989.50 Frothy action abounds with Facebook having set highs of market cap. (replay of the 2000 bubble) The chart seem to me to be a rounding top. At what levels are the next support?
Why say the thread is a trainwreck - what value is there in that? You haven't posted a chart for your thoughts on gold .. do you have one showing why you feel 1354 is coming? How much lower before 1354?
many market guessers said market top when GOOG hit 200,300,400,500 and there has been top calling for YEARS now.....guessed tops when TWTR went public, facebook, end-of-year, beginning-of-year, and everywhere in-between. more guessing now with alibaba and whenever the fed meets. guessed when S&P hit 1500, 1600, etc... and now 2000. i would say the first top call i've seen was when the S&P was near 1200. yes they will be right eventually. time to BUY, BUY, BUY!!!!!!! S&P is going higher!!!!
Changed my mind. Bear now. On SNP as well as gold. SnP should gap down ideally to indicate a top. Let's wait n watch
I don't bother with any of these negative comments, aquarian1 because NONE of these guys has ever posted a trade in realtime - at best you will see loads of hindsight trades. If I'm wrong I'd like them to post any trade that shows the date and time stamp. Yawn
Great Depression 2: Top call for Dow which will set in motion GD2 aqaurian1 please have a look at these and give me your opinion or perhaps anything else I might have missed (1) Symmetry of advancing waves Dow Jones 2000 top to 2007 top = 20.85% approx Dow Jones 2007 top to 2014 top = 20.85% approx. to an error of 0.05% (2) Fibonacci extrapolation for the 2007 wave to 2014 gives Dow currently @ 138.2% a prominent Fibo (3) Fewest bearish advisors in 30 years = huge huge optimism, the likes of which not seen = even more extreme than 2007 top = invokes Warren Buffet's advise to SELLLLLLLLLL (4) Not a single BEAR at ET = easy to explain because a BEAR = going against that warm fuzzy feeling of the GROUP = not allowed = you will get killed (5) Wave equality 2009 to April 2011 then projected gives equality approx. NOW already
Great Depression 2: Warren Buffet Topping formation spotted AfterLOS be the first fella who dares to call Buffet's fall from grace Once below 185k kiss Berky class A goodbye for good. It will never recover from the Depression He took a hit a big hit in the 2008 crash. But that was only the warning. Wave C down will finish him off for good. No more CNBC interviews for Warren no more. Becky will have to find a replacement guru Yawn