A stock market top right here?

Did the stock market top out on 4/7?

  • Yes

    Votes: 42 33.1%

  • No

    Votes: 60 47.2%

  • not sure

    Votes: 25 19.7%
  • Total voters
    127
Quote from eminitrader007:

Still beleive it.
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I admire your conviction, but your are WRONG.

We will see much higher SPX levels before we see a meaningful correction.
 
Quote from eminitrader007:

Although I mostly trade ES intraday, my long-term analysis points to the SP500 around 1050 before 1315. This week is probably going to be indicative of what's to come for 2006 and 2007.
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Although the S&P traded above 1315, it hasn't been able to close above 1315 since my last post and I do not think it will anytime soon.
 
Quote from eminitrader007:

Although the S&P traded above 1315, it hasn't been able to close above 1315 since my last post and I do not think it will anytime soon.
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The market will change your mind by the end of May.
 
Quote from volente_00:

The market will change your mind by the end of May.
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OMG! OMG!

The s&p is @ 1308, and this buffoon is posting that it will be above 1315 by the end of May??? You mean it will really rise 7 pts in 5 weeks?? Wow, great prediction dude.
 
Show shome respect.... Volente has over 2000 posts... while you only have 33

EDIT: ... having said that... looking to short on any intra-day rallies!
 
Quote from lilduckling:

Show shome respect.... Volente has over 2000 posts... while you only have 33
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Not a good rule of thumb, my friend. The guy with the most posts on ET, I actually have very little respect for, that being Z10. The more posts, the more you're polluting the board. Quality over quantity!
 
yeah but... i never seen z10 post anything related to trading... its all pastes from news clippings. I think z10 is just a bot .... placed here to stir the sh*t.
 
s&p closed on 4/6 @ 1309. Though it may have gotten a few pts higher on the latest swing up to the 1310 area, quite confident that this is a mid-term top, and the s&p will not get above the highs already put in. Take it to the bank.
 
The 20, 50, 100 day ma, along with RSI and stochastic indicators point to lower stock market index prices over the next week. Look for volatility to pick up as a confirm of an impending decline.
 
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