You forgot one other important criteria...the last bear also has to throw in the towel.....I'm waiting for you to cry uncle before I go short this market
Surfers and surfettes, ladies and germs-- WE STRONGLY urge against buying the dips right now-- even short term this is not a viable strategy this afternoon----YOU will LOSE--- BULLS BEWARE!!!
No, bears will make serious $$ during this drop-- and right now, there are more than a few... I was the first bear, all others followed. The Price Drivers sniffed out the market top placing us bearish--- if you wait, you may be too late. good luck!
You called the top early though, before the top actually occurred. I know a few others here called it on 5/22, AFTER the top had been actually put in. http://www.elitetrader.com/vb/showthread.php?s=&threadid=268595 Hayman did it with less risk, making his call better, hands down
I disagree with your opinion. Anyone can call a top once it starts rolling over. Only the Price Drivers can identify the top prior to it occurring. Which is exactly what was witnessed live and in real time in Surf Alerts. Surf
There is only one "top" in this case and many people have made calls about it rolling over for months now only to end up being proven wrong. So it's not so "easy" just because the mkt starts to roll a bit after a potential new high. Hayman made the call the very same day the top was put in. His position took no heat, yours did. That makes his trade better. You are both making money, so who cares if his call was slightly better than yours?
For those who so easily forget---- after booking substanstial long term profits as a SUPER BULL entering 2013, surfer TURNS BEARISH near the top and will RIDE the lucifuge style decent into the ABYSS--- As the TA folks are still awaiting confirmation and saying woulda, coulda, shoulda----