The S&P has topped !

Discussion in 'Trading' started by fly down, Jan 4, 2011.

Has the S&P topped and headed for a sharp correction?

  1. yes

    58 vote(s)
    30.5%
  2. no

    59 vote(s)
    31.1%
  3. I don't know / I don't care / I don't like you

    73 vote(s)
    38.4%
  1. S2007S

    S2007S


    As long as they can find a stock or 2 in the DOW to keep pushing higher the dow will continue to rise, CAT and IBM are the 2 winners today.
     
    #181     Jan 18, 2011
  2. S2007S

    S2007S

    SPX going for 8 straight weeks of gains and not only that but the S$P has not fallen below its 10-day moving average for over 30 straight trading days, this has NEVER happened before!!!!!!
     
    #182     Jan 18, 2011
  3. Bowgett

    Bowgett

    Welcome to the bull market.
     
    #183     Jan 18, 2011
  4. Tsing Tao

    Tsing Tao

    new top 1295
     
    #184     Jan 18, 2011
  5. I'm glad you helped mark the top Tsing.

    I'm looking for a grand top at S&P 1295-1300 hitting early tomorrow with a big reversal to the downside tomorrow through thursday. My indicators set up well for downside activity this particular expiration.
     
    #185     Jan 18, 2011
  6. bone

    bone

    Liquidate some of your longs at 1305.
     
    #186     Jan 18, 2011
  7. Tsing Tao

    Tsing Tao

    ah, a grand top. gotcha.

    :confused:
     
    #187     Jan 18, 2011
  8. Nine_Ender

    Nine_Ender

    We may very well open above your "grand top" so you might have to declare a higher "grand supreme top" around 10 am.

    Quite seriously you should just give up until late April. Then you can join me shorting at much higher levels.
     
    #188     Jan 18, 2011
  9. noddyboy

    noddyboy

    Unfortunately, more money has been made long than short in the history of markets. I have favored net short from time to time, but right now doesn't seem to be time to be selling short the farm. Perhaps if VIX rise. Even then, my short is something that almost no one on this board is talking about, which is China. Strange how the bears miss the real estate bubble there with 30+ P/Es, and rather short AAPL with lower P/E and higher growth rates.
     
    #189     Jan 18, 2011
  10. Thank you for proving what I always said about you..that is you know zero about trading.

    A grand top forms right before expiration and takes the index lower into friday.
     
    #190     Jan 18, 2011