People do buy at the top but people are also buying all the way up until the top is reached. Look at gold people, were saying gold was at a top and people kept on buying and rightly so as it kept on going up. I wouldn't worry about buying if the price looks like a top it means that the price is trending.
Hey smart money: you missed the sell off at beginning of week, and since you are big the market went back to board you. SPY is now at 180.78. I could see your coat made from bear skin. Your estimate location is at most 0.16cents to 0.22cents away.
Why Do People Buy At A Top? (And, why do people sell at the bottom?) Because they don't understand where S/R are.
what happened to this thread and how many points did the index climb up since this very first post ?? just a memo the op must have made heaps since then..
%%%%%%%%%%%%%%%%%%%%%%%% Good points; great points.William O Neil[IBD] wrote a book /system on doing that with profits. Good precise question''Buy a top??'' The top, [much different from a top]humanly speaking, is only known after some time has passed.But buying a top can be wise ; as selling a bottom[to open a position] is wise. Not talking about the bottom but a bottom, big difference Wisdom is profitable to direct; bottom line is some buy a top because of trends[NOT the top ,] i wrote a top, big difference........................................................................