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.
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.
Posted 07 December 2016 - 02:38 PM
I know, I know - calling tops is sucker play.
But someone has to
Posted 07 December 2016 - 02:42 PM
I know, I know - calling tops is sucker play.
But someone has to
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
Posted 07 December 2016 - 02:43 PM
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.
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
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.
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.
Posted 07 December 2016 - 03:09 PM
Gents, don't get too cocky
I could be wrong - you could be right.
Well...it's hard to be cocky when you're right all the time!
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
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.