I'm not a top caller...though i AM a permabear, and I've missed much of the run (cept from 1445-1500), this looks suspiciously like a BOT... 1517 was my next level of resistance...it met it with force, bonds reacting pretty sharply to this jobs report... Could see a flight to quality soon...big boys may start a small dump.. We'll see...
No blowoff top the magnitude isn't great enough If it gapped up 1% and closed red then it would be an impressive blowoff top
You may be right I may be crazy But it just may be a lunatic youre looking for Turn out the light Dont try to save me You may be wrong for all I know But you may be right
This rally barely started how can you call for a blow off top. We got ~100% (maybe 110%) up room to go in the big indexes...
Because I'm a trader, not an investor.. I see short term tops, bottoms... I don't hold for the long term... If you see 100% uproom to go at 1200, how can you see 100% uproom to go at 1500? Are you basing that on the fact that the Dollar has fallen in half since 2000?
USD should catch a bid here soon... CLM may have found support at 6260.. Long CLM from 6265...Stop/Reverse at 6254