• S&P 500 Index Headed for `Stiff Correction,' AMP Says: Technical Analysis

[Landis82]

Quote from S2007S:

Nice response...

If you don't like hearing the TRUTH, or if I might somehow be mistaken about your trading ability . . . Please feel free to post your trading blotter for Q2 and Q3.

I doubt you even have one to post.

 

[makloda]

Quote from S2007S:

Because those last 400 s$p points were due to government intervention, if the fed and government never put trillions into the market the s$p would still be under 700.

And had Lehman not blown up we might never had fallen below 800. Who knows? You realize you locked yourself in a world of "should be trading at" and "would be trading at" rather than "is currently trading at".

If you have to earn your living trading the markets you could care less WHY a market is going up or down. Who cares? Being wrong and blaming it on Bernanke doesn't help paying the bills.

 

[trefoil]

Quote from S2007S:

Market gets pushed up 100+ points and just rests there throughout the entire day.

Because I'm drunk and you're hopeless, I'll give you a simple way to play this, that everyone who actually trades this thing knows: the morning session is more volatile than the afternoon session. Within that, the first two 30 minute bars are way more volatile, usually, (Fed days excepted) than the rest.
So, simplistically (Caveat: if you do this mechanically, you'll be bankrupt so fast it'll make your head spin) you could sell volatility the previous afternoon, buy it the next morning. How? Via options.
Lesson over. You'll have to research the rest for yourself.
Oh yeah, try not to make 20 per cent a month doing this. Ain't possible. Kinda like tryin' to make pigs sing: you'll annoy the pigs, and go bankrupt.

 

[hammertrader]

This could be the end of the rally
The RUT is making a double top lagging the SPX
The financials already started a down leg
The QQQQ just like the RUT but a little more bulish not a big diff.
I heven't put my money where my mouth is, I'm just waiting for confirmation

 

[ess1096]

Quote from hammertrader:

This could be the end of the rally
The RUT is making a double top lagging the SPX
The financials already started a down leg
The QQQQ just like the RUT but a little more bulish not a big diff.
I heven't put my money where my mouth is, I'm just waiting for confirmation

I've been watching the same thing. Notice also the $DJT have not confirmed the latest leg up either.
$NDX , $RUT and $DJT all refused to confirm on the weekly close last week, 10/16. Apple will push the $NDX higher tommorow but will it close out the week higher? I'll see on Friday.

 

[number22]

Quote from ess1096:

I've been watching the same thing. Notice also the $DJT have not confirmed the latest leg up either.
$NDX , $RUT and $DJT all refused to confirm on the weekly close last week, 10/16. Apple will push the $NDX higher tommorow but will it close out the week higher? I'll see on Friday.

Will eur.USD breach 1.5 tonight? current at 1.4989

 

[thetrendfollowe]

“The divergences have started to build up over the past few weeks,” said Sydney-based Naeimi, whose firm went to “overweight” from “underweight” stocks in March. “

Nice timing

 

[Igotconnections]

pretty good comments

 

[hammertrader]

Today was a confirmation of the Double top on the RUT, the financials keep going down, tomorrow will be confirmation for the bears lets see what happens.
take a look at this video.
http://www.freetradingvideos.com/vlog/default.asp?category=1

 

[madmaxer]

Quote from hammertrader:

Today was a confirmation of the Double top on the RUT, the financials keep going down, tomorrow will be confirmation for the bears lets see what happens.
take a look at this video.
http://www.freetradingvideos.com/vlog/default.asp?category=1

nothing is confirmed till we break 1076 and ultimately close 10/13 gap