S&P 500 looking very toppy

What type of correction you looking for?

 

Look at SBC VZ

Also CSCO retraction about sales growth. Nothing new to announce.

Communication requirements are basic for any new/expanding business environment.

Without any indication in communication, there is no proof of recovery.

Just another thought to add to the overbought mentality.

 

I think we have room to hit the upper channel at nasdaq 1800-1775..

regardless we're very extended and days away from falling..

 

Forget about the "upper channel". Won't be seeing that.

We are extended, and day to day from falling.

 

These "buyers" aren't voting on the above poll, though.

 

I don't usually try to make long term predictions, but I just happened to notice that there was a nice Trader-Vic 1-2-3 pattern
forming on the daily. Maybe a change of trend shortly?

 

As I posted on Derrik Hobb's Amgn Thread earlier. I agree that the SPX is topping....

 

Yet another. We have price and time symmetry. Correct, Derrik?

 

Perhaps the recent Bond sell off is why sentiment is changing(if it infact is), second half recovery not as certain?

http://news.ft.com/servlet/ContentS...y&c=StoryFT&cid=1057562262003&p=1012571727088

 

I will. Nice call, Romeo!!

Redd Foxx was calling for some more COMPX upside to 1775-1800, and Romeo told him to "fuggit about it!"