11/2/10: Beware of the Top II

[brosin]

Nov 2, 2010 8:42:34 GMT -5 brosin said:

Bump for relavancy - old post from the last meeting but timing very similar. There was a partial top (dropped 3-4%) to be found from the high on 9/21.

I wonder if this time it will be a blowoff move (is this one now? or maybe an even bigger one tomorrow) before a 4-5% correction down to around 1160ish. I had originally been saying I thought 1200-1150 spx, but it might start from even higher judging by yesterday and today.

Nov 2, 2010 13:17:34 GMT -5 brosin said:

Slowly lightening up here today in my paper accounts fwiw

Now only 62% long, 31% short

spreadsheets.google.com/ccc?key=0Ah0555lud0TEdE5vaVh0bmFoWl9OcGtOVmRjUjFwYmc&authkey=COSk6LQE&hl=en#gid=0

12/1/10 Update: Gotta give this one a thumbs up icon - market would pull back starting 11/5 for a good 5%.

[brosin]

That was fast

Nov 9, 2010 16:53:12 GMT -5 brosin said:

I am 99% short, 1% cash