Jump to content



Photo

THE top


  • Please log in to reply
22 replies to this topic

#1 alexnewbee

alexnewbee

    Member

  • Traders-Talk User
  • 1,459 posts

Posted 07 December 2016 - 02:33 PM

Bears (who is still alive), get ready.

Todays parabolic move in DOW should mark it. ;) 

This is how THE top should look like. 

 

Mark this post. 


"we do G.d's work" Lloyd Blankfein

#2 alexnewbee

alexnewbee

    Member

  • Traders-Talk User
  • 1,459 posts

Posted 07 December 2016 - 02:38 PM

I know, I know - calling tops is sucker play. 

But someone has to ;)


"we do G.d's work" Lloyd Blankfein

#3 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 10,144 posts

Posted 07 December 2016 - 02:42 PM

I know, I know - calling tops is sucker play. 

But someone has to wink.png

 

Especially when you have the internals working against you.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#4 rramslan

rramslan

    Member

  • Traders-Talk User
  • 90 posts

Posted 07 December 2016 - 02:43 PM

Count me in there with you. Any more suckers out there with the two of us.

#5 brucekeller

brucekeller

    Member

  • Traders-Talk User
  • 1,140 posts

Posted 07 December 2016 - 02:52 PM

So glad I saw this.  I'm still thinking up until the Inauguration, or at the very least until Jan 1, but don't want too many people thinking that. :D



#6 tommyt

tommyt

    Member

  • Traders-Talk User
  • 5,136 posts

Posted 07 December 2016 - 02:52 PM

Yep stabbing in the dark for a top without reference points or internal evidence. The leaders:

 

http://stockcharts.c...id=p78700028005

 

http://stockcharts.c...id=p51026667125

 

http://stockcharts.c...id=p91360160598

 

http://stockcharts.c...id=p81695247238



#7 alexnewbee

alexnewbee

    Member

  • Traders-Talk User
  • 1,459 posts

Posted 07 December 2016 - 02:57 PM

Gents, don't get too cocky ;)

I could be wrong - you could be right. 

GS and JPM are the leaders, I know - well, check nov 2007 :)

Internals - well, again, check 2007. I think we are in last gasp, before Tramp comes in.

Boyz just need to unload on someone - and these will be funds and you looking at your TA. Show me rich TA expert. :)

 

Of course I could be wrong. But this is my opinion. 


"we do G.d's work" Lloyd Blankfein

#8 risk_management

risk_management

    Member

  • Traders-Talk User
  • 1,772 posts

Posted 07 December 2016 - 03:03 PM

Don't think this is the top but I wouldn't be surprised to see us give all today's gains back tomorrow.


Edited by risk_management, 07 December 2016 - 03:03 PM.


#9 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 10,144 posts

Posted 07 December 2016 - 03:09 PM

Gents, don't get too cocky wink.png

I could be wrong - you could be right.

 

Well...it's hard to be cocky when you're right all the time! yes.gif

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#10 thoughtpwr

thoughtpwr

    Member

  • Traders-Talk User
  • 1,269 posts

Posted 07 December 2016 - 03:09 PM

I would agree this should be a local top and the 12/8 is a turn date as well. However, the gap on Monday AM should hold the reversal next week on Fed day and we should get back to these highs by Xmas. Whether we get the move higher in the Santa rally is TBD in mind.