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. What energy? You must have at least 50 posts on this thread. You have more posts on this thread than anyone else. If you call that a few keystrokes, you're as misguided as we all can see you are.
     
    #261     Jan 25, 2011
  2. jokepie

    jokepie

    Adding to IWM and SPY SHORTS, here.
    Have 30% position Already.
    Target is 1230 area in ES.
    Mental Stop above 1310-1315
     
    #262     Jan 25, 2011
  3. jokepie-- you're timing looks to be alot better than mine. Maybe you should start these threads!

    ps I think your mental stop is abit high. and thanks much for your contributions.
     
    #263     Jan 25, 2011
  4. S2007S

    S2007S

    Trying to take the dow positive in the next 40 mins!!!!

    Only down 25 points, was down close to 70!!!!
     
    #264     Jan 25, 2011
  5. jokepie

    jokepie

    Thanks,

    Its a mental stop because, I suspect there could be a Gap up after the speech and I want to take the advantage of that and not get knocked out. Lets see how we close today.

    A looser is a looser for me, i move on after that to the next trade.
    No worries.
     
    #265     Jan 25, 2011
  6. ammo

    ammo

    just a guess... mp chart has 1301 to 1314 as a target yet to be filled ,then a possible pullback to 1275 /1227/1182/1154/1100...may fill the 1305 area tonite during obombs speech or on the whip after fomc meeting....since this is just a guessing thread
     
    #266     Jan 25, 2011
  7. jokepie

    jokepie

    Since this is a guessing thread...

    I will see how long price will stay in the rance 1301- 1315, and what happens tomorrow at OPEN.
     
    #267     Jan 25, 2011
  8. S2007S

    S2007S

    Last minute end of the day rally going on. Red all day then the last 20 mins the rally comes through....


    DOW still up 9 weeks in a row!!!!!!!!!!
     
    #268     Jan 25, 2011
  9. Yeah sorry I jinxed you today. That's really the way my luck has been runnin lately..
    Sell into a higher open w S&P over 1300?
     
    #269     Jan 25, 2011
  10. jokepie

    jokepie

    Actually you did not, My hypothesis for this trade is not wronged yet. Also, I always size in AFTER i KNOW i am right. I honestly don't know yet.
    I took a position and thats the KEY. I actually will go from 30% to 100 % when we close below 1275 area. And there after stay in the trade Until my exit criterias are met. This could be a 2 to 3 week trade in my opinion.

    P:S, Love the loosers coz they give you CHEAP INFORMATION regarding the market. I will REVERSE 100% if iget knocked out, coz the we are headed to 13K on DOW.
     
    #270     Jan 25, 2011