The S&P has topped !

Discussion in 'Trading' started by formal gold, Jan 10, 2012.

Has the S&P topped out around 1290-1300 ?

  1. yes

    25 vote(s)
    29.1%
  2. no

    37 vote(s)
    43.0%
  3. oh geez / I don't know

    24 vote(s)
    27.9%
  1. bc1

    bc1

    No, I don't as I'm a newbie to this business. Please explain. I just read things like this blog today that says "Equity bulls still have the upper hand." I don't see where equity bull buyers have anything to do with short sellers which seems to me is the opposite. Here is the blog site for the equity bulls quote and look at the Jan 10 & Jan 11 entries:

    http://stockmarket618.wordpress.com/

    You are a futures trader so could you also educate/explain to me what caused the 13 point gap up in the S&P 500 yesterday morning as I don't understand that either? Thanks and have a nice evening.
     
    #11     Jan 11, 2012
  2. SP500 daily reverts to bearish and down leg commences at last.

    bc1 - equity makets have been repeatedly ramped upwards due to shorters closing their trades in a hurry. This aggressive buying from short sellers has helped elevate the markets.
     
    #12     Jan 11, 2012
  3. Buy1Sell2

    Buy1Sell2

    ES very bullish. Thank you for your time. :)
     
    #13     Jan 11, 2012
  4. Are you serious?

    Sir, I respectfully refer you to 2008, which i believe was the last presidential election year.
     
    #14     Jan 11, 2012
  5. which top is it ...........?

    the latest top, a double top, a box top or the 4 tops.

    the only tops that are guaranteed are old tops, the last top a bottle top and the 4 tops.

    please advise.

    but when they finally get around to puking em out, make sure u r short.....:)

    s


    :cool:
     
    #15     Jan 11, 2012

  6. There's always the glorious exceptions. You do realize it's all probabilities?
    Then again, maybe not...
     
    #16     Jan 11, 2012
  7. You do realize it's all probabilities........

    ............................

    all one big casino with life as the game.

    cheers,

    s
     
    #17     Jan 11, 2012
  8. The bull market ended 12 years ago.
     
    #18     Jan 11, 2012
  9. It seemed I am right(again)

    Small Bicycle -You want to admit you are wrong (again) or as you usual do, just change to bull view and claim you are right again:D
     
    #19     Jan 11, 2012
  10. Nine_Ender

    Nine_Ender

    You shouldn't use terms you don't understand. We have been in a bull market since March 2009. Higher highs, higher lows in waves. Summer correction established a new base.

    Technicals have their limitations though; there are no guarantees that a market will behave according to labels.
     
    #20     Jan 11, 2012