2 replies to this topic

[relax]

Sentimentwise things worked out the way they should tsp sentiment was on a sell for the third week in a row aaii and low risk were also indicating a sell off I think we are now at a point sentimentwise that really tells us nothing, we could have further downside, but it could also end here -1 per cent A very loose assessment of sentiment is looking at posts here - 9 out of 10 are bearish - reminds me of august I don't thing any move down can be assessed without seeing a move up - interestingly we had several strong moves up last week, but they were all intra-day retracement of sp 500 is still less that 38 per cent - 1497 next support, but we could see a move towards 1.476 (50 per cent retracement), we also have a neckline around here i am looking for a move up around 25/26 - so assume we will get some bottom monday or tuesday followed by retest on a final note, all this happened during opex, so still seems like a manipulated move, once again having nothing at all to do with fundamentals

[traderpaul]

Not a sentiment expert.....but i see a complete lack of fear on this decline.....Seen this before, good for more on the upside....Any post that the top is in?

[selecto]

Yes.

I called the top here the day Tiffany finally opened a retail store on Wall Street and rang the opening bell at the NYSE.

It was a day after the closing high and a day before the print high. (SPX)