%% Good points; not the longs exit unless you got in late. I did a TQQQ exit but i got in late; + they pay no dividends. Main problem for the longs/uptrenders traders is summer rally tends to be weakest /SEPT selloff. Most investors would have a profit built up+ so a sell in May/way may not even trigger many stops-depends really on when they got in + selling plan.............................,
Congrats! You've reached the rarified air of the Home Depot Brothers and the Hawaiian ukulele player/pizza delivery guy. Now, back to business... 1. Start "index topped" thread 2. Lose 100 points 3. Start "index topped" thread 4. Lose 100 points 5. Rinse, repeat
Why bother - considering you said essentially the same things 100 + points lower? It would make it at least a bit more interesting if you said why you think the market is topping here. 9% down takes us to around 2640 on current ES levels. Being this close to all-time highs and no seeming catalyst for a sell - isn't it just as likely that we'll see a test of the high from September/October? Regardless - I think a top worth trading will present a good sell signal. Here's what happened the last two times the market experienced 'selling':