The Top

[tsptalk]

I'm going to make an irresponsible prediction that the top of this rally will be this week, if not today. 882 was today's high. 876 right now.

Have at it. :)

[XL-entLady]

We've got heavy resistance at the end of the last Santa Claus rally. And I am in the Garage, which virtually guarantees a run-up. :blink: I say we've got another 50 some-odd points and it goes to 922 before it turns around on May 7.

Lady

[Intrepid_Timer]

As of right now, my indicators are telling me to go short. That could change because I won't know for sure till about 12:30pm but you could be right Tom. If not today, I'd say tomorrow for sure.

[Bullitt]

Wow, May 7th. Lady, you been following the moonbeams?

We're heading higher. I say at least 1000 in the S&P 500. Pullbacks will be enough to keep people chasing.

If you're looking for something to sell short, take a look at the Kansas City Royals.

[XL-entLady]

Wow, May 7th. Lady, you been following the moonbeams?

LOL! :laugh: Not only no, but ... um-m-m no. (Yeah, I know that's not the way that phrase is supposed to end, but I'm trying to be good.:D)

I do WAY to much reading for my own good and it was a date that stuck in my mind from this article:

Key Reversal Day
by Jay DeVincentis

http://safehaven.com/article-13213.htm


Have a good one, my friend!
Lady

[Birchtree]

No top anytime soon. Perhaps an SPX of 1100 and a VIX of 30 sometime the end of July - then we get a mild correction to create a whipsaw. My silly SPX target is still 1700 by the end of the year.

[Gumby]

I'm going to make an irresponsible prediction that the top of this rally will be this week, if not today. 882 was today's high. 876 right now.

Have at it. :)

I am thinking 895 for the top today or tomorrow.:D
Who knows....I may be a thousand points off!

[Spaf]

I am thinking 895 for the top today or tomorrow.:D
Who knows....I may be a thousand points off!

Hmmm....Well that narrows it down!........:D

[Intrepid_Timer]

As of right now, my indicators are telling me to go short. That could change because I won't know for sure till about 12:30pm but you could be right Tom. If not today, I'd say tomorrow for sure.


No short signal, still long......................:)

[CapeChem]

Ok...sorry...Stupid question here....when your indicators are telling you to go short, what does that mean in terms of TSP funds...

[tsptalk]

Short = TSP stock funds go down.

[CapeChem]

cool...thanks

[Intrepid_Timer]

Ok...sorry...Stupid question here....when your indicators are telling you to go short, what does that mean in terms of TSP funds...


That means if I"m in, I go to the G fund. I'm not in though because of our limits. :mad:

[nnuut]

Ok...sorry...Stupid question here....when your indicators are telling you to go short, what does that mean in terms of TSP funds...
Check out this site, a wealth of information::cool: SHORT!!
http://www.investopedia.com/search/searchresults.aspx?q=short&submit=Search

[CapeChem]

Thanks guys.....It's fun as you go from thread to thread seeing how different people describe the same thing.....symantics......so, one man's short is another man's "I'm heading to the lilly pad"....surveying that website now nnuut...thanks

[nnuut]

Or maybe, 245 days until retirement, SHORT!!:laugh:

[Frixxxx]

Or maybe, 245 days until retirement, SHORT!!:laugh:
You gonna have enough Norm?????

[nnuut]

You gonna have enough Norm?????
CSRS 37.4 years service, House paid off, cars paid off, credit cards will be paid off. YES is the answer!!:D6233

[alevin]

:laugh: Love it!!! It's gonna be fun watching just how nnnuuttts you get, the shooorter you get! :D

[Intrepid_Timer]

No short signal, still long......................:)


Got the sell signal. As nnutt would say.......SHORT!!!!!!!!!!!!

[Gumby]

CSRS 37.4 years service, House paid off, cars paid off, credit cards will be paid off. YES is the answer!!:D6233



Good job Norm!!!! :)

[GUCHI]

nutt
i envy u, aren't u glad your CSRS ?? looks like your set 2 be flush come retirement time. i have been surveying my compadres and the things they tell me is they can't retire because house payment, kids in school,and bills. i like you am working on all of those. i have 5 to go and i should b able 2 meet my target. 240 days sh-t your already in the go 2 hell club. they say it takes at least a year to fire an employee, keep on keepin on !!!

[nnuut]

Prepare!!
YES, my friends I am getting SHORTER by the day, the lunacy will come as time passes, but I welcome that!!
Thanks,
6251

[tsptalk]

I'm going to make an irresponsible prediction that the top of this rally will be this week, if not today. 882 was today's high. 876 right now.

Have at it. :)
I am officially wrong. :embarrest:

[Guest2]

I am officially wrong. :embarrest:
It certainly made plenty of sense to me ! Welcome to my world ! :toung:

[Bullitt]

Still at least 1000 S&P 500. (Not a recommendation to buy by any means unless you plan to Buy and Birch. It's too late to jump on board today.)

Sentiment wise: Still too many people looking to call a top here so they can utilize their newly discovered 3X bear funds.

[tsptalk]

Sentiment wise: Still too many people looking to call a top here so they can utilize their newly discovered 3X bear funds.
FAZ (3X bear financial): 5.24
52-wk high: 201.86
52-wk low: 5.13

:eek:

[James48843]

Nah-

Top will be between 935 and 950. Then we go back downward for a while.

Soon as we hit that 200 day moving average (around 940 by then) we're toast.

You heard it here first. :-)

[Birchtree]

That's what I like - keep'em out as long as possible. Continue to build those fear levels.

[Boghie]

Just a Goober's Guess:

Market Top will be 950 - 1000...

I don't know any charting and haven't heard any great stories or whatever. But, I do think the market panics of October/November and early March were rather stupid and rather insane. We needed a correction, not a panic.

So, with my beer blury eyes trying to focus on some squiggly lines, I will assume a standard correction curve and ignore the panic selling periods. That leaves us at 950 - a 30% correction bear market.

With the news that Congress and the Administration were about to open their yaks I moved to a very conservative allocation this past week. Uuuummmm, just before two very good market days. Caught some of the growth though. At my age, I should be heavily invested in the market.