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. jokepie

    jokepie

    :D

    I might close my position if we stay over 1305 for another day.
    10point loss. Not a big deal. Willing to open a long nxt week.
     
    #351     Feb 3, 2011
  2. Bowgett

    Bowgett

    You might close it for much bigger loss if tomorrow we gap up on payrolls report. :cool:
     
    #352     Feb 3, 2011
  3. olias

    olias

    I wouldn't be shocked by that
     
    #353     Feb 3, 2011

  4. I dont know what to make of the report...


    Good number is bad, because that will stop QE at 2.. Bad report is bad for economy and stagflation but good because continued QE...
     
    #354     Feb 3, 2011
  5. That's quite likely :cool:
    Lots of upside to come. So funny seeing people all over ET trying to short it for the last 6 months, lol.
     
    #355     Feb 3, 2011
  6. jokepie

    jokepie

    Not really if you ask me. A good report will give a perfect exit opportunity to the big boys : HINT :

    BTW, My stop was above 1315. but i know when to call it a trade.

    Thanks for the support.
     
    #356     Feb 3, 2011
  7. jokepie

    jokepie

    WOW, i was not going to short it for ever. :cool:
    Lets see tomorrow tho !!
    The Lord works in funny ways !!!:cool:
     
    #357     Feb 3, 2011
  8. Tsing Tao

    Tsing Tao

    lol!
     
    #358     Feb 3, 2011
  9. obviously you wouldn't know or have a clue, you don't trade.

    you have to trade and have real money in stocks to understand.
     
    #359     Feb 3, 2011
  10. Tsing Tao

    Tsing Tao

    haha...same response. what i understand clearly is you are 0 for 7. let's see if you can get 1 for 8.
     
    #360     Feb 4, 2011