Cnbc seems to say the top is here, lots of people calling the top. I sold all net longs here because I am calling the top this week as well.
If all these "people" are calling tops, then I will have to reassess and maybe lock in longs for the next 6 months, minimum
I'm waiting for Bob Brinker to give a sell signal. Kass, Cramer, Schiller, etc, all too early. Brinker will be the one to call the top.
who is Bob Brinker? I follow Kass, think he's a good trader, but sometimes am confused if he's micro trader or swing. Anyway, He must be sitting at some big loss with his short. It will be reduced by the rest of this week.
I' m waiting for SPY to drop 3-4 pts before buying TNA and ERX again.
Sentiment: Strong Sell
I will take everything bad I said in my LIFE about Cramer if he's right.
Cramer is not my favorite person but if he hits this one on the head, I will jump on the bandwagon.
wen't tripple short s & p using spxs @12.7
I have kept adding TVIX for 2nd round, but expect some bigger return than last month.
good luck to you barker, big pull back on deck but this is most likely intermediate top, its not over yet.