Coffee Sipping Big Board Stocks

[**D*A**]

2000 and 2007 $SPX daily charts for Cap.

Here's a good quote about the top from another site. JMO...

Have to agree. What I noticed in 2000 & 2007 was we never knew when the top was in long term until the 50 crossed the 200 with a prior price cross of the 200 before the 50 cross. The key to both tops was waiting to Short or go to cash until a bounce after the two MA's crossed. A true dead cat bounce. In each case the following months were much lower. We are far from this point. In fact, even if today started a decline, in both those cases, price went below the 200 and then rallied and can even make a new high. The 200 is at 1820 and the 50 is at 1902. My guess we need to drop below the 200 by 30 to 50 pts before a rally to set up a major top. This is likely to happen again as it is typical of topping action. We always see wild swings up and down near a top. But I would not expect a big time long term bearish signal to come until the 50 crosses the 200 and then Short the bounce near the 200. For now though, buy those big dips when they come even if only for a short ride up. That's my 2 cents!