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. Looks like it.

    Next week we may be hearing "look out below"
     
    #291     Jan 28, 2011
  2. Locutus

    Locutus

    YES!!! MY TRICK WORKED! I knew it.

    Anyway it went down a little faster than I'd expected, but oh well. I love those moments when everybody is trying to pile into a trade at once :D

    Probably lots of stupid fuckers who went max leverage on the way up and kept buying on unrealized profits who are so overexposed they'll be totally assraped if it goes down more than 4% and well...that's what you get after such a huge trend upwards. Prone to panic ;)

    It'll probably rebound some from these levels though, but I can tell that the fear is ON!.
     
    #292     Jan 28, 2011
  3. jokepie

    jokepie

    All in as they say. ...:D
     
    #293     Jan 28, 2011
  4. Hello

    Hello

    ES down a little more than 1% since my call hope you pikers listened to me. :D

     
    #294     Jan 28, 2011
  5. Nine_Ender

    Nine_Ender

    I don't get it. The US indexes drop less then 2% and the Canadian market actually rises today ( yes, you read it right ) and you post that crappy analysis ???

    Wow. You really are clueless.

    There was as many good long plays today as short plays. There are now many new long plays that are starting to appear to make money on.

    And you are paralyzed by fear unable to trade now. I highly doubt you profited at all today from any of it. Come back on here kiddo when you are more educated and street smart, until then your analysis is a joke.
     
    #295     Jan 28, 2011
  6. Then you must be suicidal. You're the best fade on this site. Down on AAPL, WFC, and down over 6% on GS in the last 10 days. You mean like your analysis here?

    http://www.elitetrader.com/vb/showthread.php?s=&postid=3064795&highlight=atticus#post3064795
     
    #296     Jan 28, 2011
  7. Nine_Ender

    Nine_Ender

    Buddy, buddy, honestly I'm not interested in shorting $340 stocks with huge earnings trying to make a quick $7. I did recommend RIMM at $47 a while ago though with a $60+ target.
    More profitable trade actually with much less risk.
     
    #297     Jan 29, 2011
  8. The very overdue equity correction actually started last week IMHO.

    This means further USD strength and EURO weakness -something I’ve been warning about for some time.

    My earlier warnings of a Gold + Silver correction also confirmed.

    Weekly indicators still warn of significant Gold and Silver downside.
     
    #298     Jan 29, 2011
  9. #299     Jan 29, 2011
  10. can't find any warnings from you prior to Jan 28 :confused:
     
    #300     Jan 29, 2011