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Thread: The Top

  1. #1

    Default The Top

    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.


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  3. #2

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    Default Re: The Top

    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. I say we've got another 50 some-odd points and it goes to 922 before it turns around on May 7.

    Lady

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  5. #3

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    Default Re: The Top

    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.

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  7. #4

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    Default Re: The Top

    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.

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  9. #5

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    Default Re: The Top

    Quote Originally Posted by Bullitt View Post
    Wow, May 7th. Lady, you been following the moonbeams?
    LOL! 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.)

    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

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  11. #6

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    Default Re: The Top

    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.

  12.  
  13. #7

    Default Re: The Top

    Quote Originally Posted by tsptalk View Post
    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.
    Who knows....I may be a thousand points off!

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  15. #8

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    Default Re: The Top

    Quote Originally Posted by Gumby View Post
    I am thinking 895 for the top today or tomorrow.
    Who knows....I may be a thousand points off!
    Hmmm....Well that narrows it down!........

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  17. #9

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    Default Re: The Top

    Quote Originally Posted by Intrepid_Investor View Post
    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......................


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  19. #10

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    Default Re: The Top

    Ok...sorry...Stupid question here....when your indicators are telling you to go short, what does that mean in terms of TSP funds...
    Just trying to be a good steward of what God has blessed me with.

  20.  
  21. #11

    Default Re: The Top

    Short = TSP stock funds go down.

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  23. #12

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    Default Re: The Top

    cool...thanks
    Just trying to be a good steward of what God has blessed me with.

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