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. volente_00

    volente_00

    Wow a new record for being wrong rubberbird.

    At least this one took longer for you to eat crow.




     
    #21     Jan 6, 2011
  2. jjf

    jjf

    "
    The sentiment is extreme. "

    Yes indeed and the WH along with the FED are determined to keep the markets UP.
     
    #22     Jan 6, 2011
  3. There is just so much the WH and Fed can do.

    Extreme sentiment will play a factor very soon.
     
    #23     Jan 6, 2011
  4. SPX 1270

    short any large jump after the job report = easy money
     
    #24     Jan 6, 2011
  5. noddyboy

    noddyboy

    So you begun to short today?
     
    #25     Jan 6, 2011
  6. no my hot trading idea is for those who still have the money :cool:
     
    #26     Jan 6, 2011
  7. question to OP: how deep do you expect the correction to be (provided it will happen from this level)?
     
    #27     Jan 6, 2011
  8. noddyboy

    noddyboy

    Give that there is a net long in the market at all times, that would be everyone in the market on average?
     
    #28     Jan 6, 2011
  9. shortie you can call me fly.

    It'll be under 1200 by the end of the month for starters.
     
    #29     Jan 6, 2011
  10. Tsing Tao

    Tsing Tao

    i was hoping you'd put some concrete numbers behind your latest prediction. thank you.

    at what point do you feel this top call is invalidated?

    best of luck. i am inclined to lean your way, but pomo wins all.
     
    #30     Jan 7, 2011