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. Locutus

    Locutus

    We'll see if the market reaches a turning point here.

    Market moving lower rapidly on Mubarak's speech (planning to stay in power, that sneaky git) and a buy closing imbalance, LOL! If the market tanks 4 points in 3 minutes on something like that I don't want to know how it will respond once Portugal goes bust.
     
    #441     Feb 10, 2011
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  2. ammo

    ammo

    #442     Feb 10, 2011
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  3. Locutus

    Locutus

    #443     Feb 10, 2011
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  4. LEAPup

    LEAPup

    Don't know if I'd call the spx topped, but will say I've scaled back my volume as we reach stronger resistance. Scaled back considerably...

    I'm expecting a correction, but that's just my opinion. Trade it as you see it.:)
     
    #444     Feb 10, 2011
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  5. nonlinear5

    nonlinear5

    I don't see any resistance. New multi-year high today.
     
    #445     Feb 11, 2011
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  6. S2007S

    S2007S

    2 1/2 YEAR HIGHS, markets up 10 out of 11 weeks, dow going for 9th gain in 10 days.
     
    #446     Feb 11, 2011
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  7. volente_00

    volente_00

    BEST DAMN FADE ON ET
     
    #447     Feb 11, 2011
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  8. bone

    bone

    Absolutely NO technical reason based upon price action to be calling for tops.

    [​IMG]

    [​IMG]

    [​IMG]
     
    #448     Feb 11, 2011
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  9. GrandSupercycle

    GrandSupercycle

    USD strength continues and the impending Dollar rally approaches. This will be bearish for stocks, Euro, Aussie dollar and various commodities.

    The very overdue equity correction gets closer and closer...
     
    #449     Feb 11, 2011
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  10. S2007S

    S2007S

    NO SUCH THING as a TOP when you have



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    #450     Feb 11, 2011
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