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The “TOP” could very well be in now.  We have finally hit the old FP on the SPY of 138.86 (and pierced through it slightly… which is common), and we have this happen on a “Fed” day too.  Makes you wonder what Bernanke is going to say here shortly at 2:15 pm est… doesn’t it?  Now is the time to be bearish I’d think.

I don’t think anyone else has committed.  Get that feeling at the top of the mountain.  Hope its the top. LOL.