35 replies to this topic

[pdx5]

Red, to me a "top" is when a decline in the neighborhood of 5% or larger occurs.

Anything much smaller is just normal fluctuations. But day traders have different perspectives and I understand that.

[redfoliage2]

Red, to me a "top" is when a decline in the neighborhood of 5% or larger occurs.

Anything much smaller is just normal fluctuations. But day traders have different perspectives and I understand that.

It depends on if this is a ST top or IT top.  For a ST top I don't expect a 5% down.  If this is IT top then it should be more than that.....................

Edited by redfoliage2, 12 February 2021 - 02:45 PM.

[pdx5]

ST top has been postponed until next week.

[12SPX]

Well that is unless its up next week and then if its not that week its the next.  Then again it may turn out to be the following week of that week or maybe even the week after the following week of the following week, of the furthest week.  Heck it might even be the week after that which could be followed up by the following week, etc etc etc....

[redfoliage2]

Too bad that the frenzy looks unsustainable as I was prepared with the weekly options for the frenzy to last for this week  ........................

Edited by redfoliage2, 16 February 2021 - 11:36 AM.

[redfoliage2]

Now the top was confirmed but the question remains if it's a ST or an IT top ..........................

Edited by redfoliage2, 22 February 2021 - 09:45 AM.