MaxxPayme

Just kicking a few scenarios around in my head

AMEX:SPY   SPDR S&P 500 ETF
210 14 3
Not a prediction, just a thought exercise $SPX            
i like it
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MaxxPayme PRO nanswayzeshotz
thanks - best to you!
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Makes sense to me. I see a distinct possibility for a blow off tomorrow in the R2K. Maybe an additional around 169.25 in SPY?
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MaxxPayme PRO DuncanParker
things are rather choppy and sloppy now here at the highs, a lot of breadth measures are not confirming new highs although it is ALL about liquidity. If liquidity persists then it is hard to call any kind of meaningful top. That said, my heart tells me this market is about to get shot in the head. That and 2.50 will get you a latte at SBUX....Cheers, MP
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Even if there's one more push higher, I say the market has max 4% upside. 4% Upside for 30% downside -- anybody really want to stand in the way of that?!
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MaxxPayme PRO DuncanParker
100% agreed. It amazes me how some will try to squeeze every last drop out of this thing. 1800 max upside with 1200 downside? that is not my type of risk/reward either
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Now it all comes down to timing the beast's arrival and having powder ready to be deployed...
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Bulls won't be able to say the market didn't give them plenty of time to take profits. This, my friend, is the greed cycle.
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MaxxPayme PRO DuncanParker
yes - i am tired of this one way action dip buyers are going to have a hard time shaking the habit in coming years
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A good market let's everyone get out. This market has been unforgiving, one-way, for well over a year. A couple 5 day 2%-8% pullbacks don't make for amicable markets. Equity inflows have slowed this week - that's probably what the big boys want to see before taking the market down. "Everybody done buying? Okay, time to take the market the other way." LOL
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MaxxPayme PRO DuncanParker
that is a realistic assessment - they are trying to milk this cow dry before they make some steaks out of it
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We shall see my friend. I can say that things are beginning to feel a bit irrationally exuberant. Great analogy, btw :)
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MaxxPayme PRO DuncanParker
thank you and I wish you all the best - I know you will do fine. Cheers, MP
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Likewise and cheers! DP
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