Getting there

We are getting close to the near term top. My estimate says that it will be between 1430-1440 on S&P and close to 2535 on Nas. Check this post from one of the people whom i respect. Although we should be headed for a serious decline in 1 or 2 weeks, I see a big pump and dump happening here where the retail crowd gets really suckered in. In the link, you'll see a graph with a decline in the VIX:VXN ratio between Dec 17th to Dec 25th. That corresponded to the Nas rising from 2580 to 2720! So I encourage selling longs into strength, urge caution while going short and be patient!