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SPDR S&P 500 ETF Message Board

  • ibdman15 ibdman15 Jan 2, 2013 6:59 PM Flag

    Island Top on R2K, RS on Q's and Major top today

    Congrats to the long traders and buy and hold folks. Some food for thought, IWM could have experienced an Island top today if we get a huge selloff in next couple of days. The RS on the Q's is still below its LS so that H & S still in play. AAPL testing its declining 50 DMA and below 200 dma so aapl is in a bear market. Rumor is US debt will be downgraded once again very soon and that Israel shoots a Nuke at Israel. And Hilary will not testify on Benghazi.....ever. WAVE 3 down below November and June lows could catch many off guard. Finally remember that Jan 2 2009, the market advanced 3.2% only to fall the rest of January, February and early March by over 25%!! Remember once the MSM makes a big deal about the market....like they did on ABC News tonight, we are at or near the Peak!!

    Sentiment: Strong Sell

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    • "Some [DOG] food for thought, IWM could have experienced an Island top today if we get a huge selloff in next couple of days. " --- ibdman15, January 2, 2013

    • Thanks again for confirming another extension

    • The average Bull lasts 3-3.5 years. we are almost up to 4 years now. the average Bear lasts 9 months to 1.5 years. Today could have been the top for all of 2013 since the recession has already begun and the market knows this and will correct 20% before its even announced that the Recession began sometime between July and December 2012

      Sentiment: Strong Sell

    • For all the nonsense you speak of, you have absolutely no idea what you are talking about.

      It sounds to me like you spend your days reading news articles, copying and pasting articles, putting them together and calling them your own post. You seem to have no knowledge of analyzing a chart.

      I advised you yesterday the chart looked extremely bullish for todays trading. You wrote a detailed response as to why I should be short. And what happened? You got smoked, again.

      Can I ask you something? Are you even in the market? Do you trade the same way you post? If so, I cant imagine how you even have money left in an account to trade.

      I am not trying to be rude, but I think it is time to consider a new career IBD. After reading your posts and dates you post them and comparing them to the spy chart, your performance is worse than -84%.

      If anyone on here ever listened to you, they would have destroyed their account 5x over by now.

      Why do you even bother posting?

 
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