S&P has had it ! Intermediate term top right here !

Thanks for the easy $ thornybird


YOU ARE THE GREATEST CONTRARIAN EVER ON ET !

 

You people know that the last even mentionable dip was back in Feb. - March right? Why try to pick at a top, don't folks find it easier to just position themselves in a trend and let your profits run?

I suppose I am in a minority, I like trading to be simple.

 

BINGO!

 

why pick a top? just trade what available ;the low hanging fruit.trading is easy if you do it like that.picking bottom and tops never works.

 

and furthermore picking bottoms leaves one with a smelly finger..

i read somewhere that '' every markets got a bottom....and every bottom has got a hole''

 

b/c there's a load of $$ that can be made on premium erosion.

 

You've gotta be short into the NY close. Horrible finish.

 

I still believe that 1555.9 is a meaningful top.
shorting selective stocks, being careful..
taking profits when i can , so call me the anti-smurfer.

 

No change here.
By the end of the day, this top will look more robust.

 

I think that's clear...the chatter about the Spooz making new highs is gone. Even with some strong multi-national earnings the markets are slumping. It's time to retest at least 1500 it seems. SPY Puts locked and loaded.