No top yet

I caught friday's move from open, did you?

 

I was flat coming into the Employment Number.
That was my primary concern . . .

As usual, the pivots on the S&P worked like a charm!

 

QQQ acted exactly as anticipated, turned on a dime at the 50 sma. Cleaning up on long calls right now, how about you? Trend is still up fellas, don't kid yourself. DJIA/SPX making new highs, more up room for now.

 

I'd say that's a reasonable call for the time-being.

 

We're approaching prior resistance from the rally in early 2002.. and mid 1998..

I believe this is also pretty close to the 50% Fib. Level from the 2000 top if you pay attention to those numbers..

 

I don't know about that, I see resistence at 1200, it will most likely test and we'll have another pull back but I see it breaking through after that

 

I have a question for you and all you top callers.

Are you still shorting everytime you are making these calls? Cause it is starting to sound like everytime the market moves higher, more and more tops are called. As the previous top call is proven wrong, you all come back with even more explanations about how we are near a top anyway.

 

1552.85 - 768.65 = 784.20 x 50% = 392.10 + 768.65 =

1160.75 (based on intra-day numbers)

 

Hey Waggie,

so.. are you telling me I'm off and fairly close???

 

I daytrade so no I'm not trying to call a top.. just observations..

I'm pretty sure waggie daytrades as well.. so I would assume he's not trying to call the top and ride it down either..

Not sure about Igor though..