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 CPTrader:

Thanks eminitrader...

Do you have any time targets corresponding to these three price targets.
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I do not really have a time target. Never did any analysis on that.
 
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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Very well said. Even though your 1050 before 1315 is going out on a limb, I appreciate that type of sticking your neck out. And it may be true as well!
 
Quote from thorn:

This morning's rally is a sucker rally, and it is to be sold! Look for reversal to downside later today.
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im a sucker then.

i see a new floor being put in on the s&p.... 1290.
 
Quote from thorn:

This morning's rally is a sucker rally, and it is to be sold! Look for reversal to downside later today.
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This post time-stamped with s&p at 1292. Looking for a major reversal either late this afternoon, or into the next few days. Target = 1260.
 
Quote from thorn:

This post time-stamped with s&p at 1292. Looking for a major reversal either late this afternoon, or into the next few days. Target = 1260.
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a 32 point hemorage on the s&p? unlikely.

When you go out on a limb, make sure you look down first.....

how about i call a 5-day target of 1310 on the s&p. :cool:
 
The market has a "eery feel" to it today. To me it seems quiet and is doing nothing even whilst gold is up over $10, oil up .675 and the Euro is up nearly 2 basis points. Its as though something "big" may happen shortly. Thats my 2 cents anyway.
 
Quote from Strath:

The market has a "eery feel" to it today. To me it seems quiet and is doing nothing even whilst gold is up over $10, oil up .675 and the Euro is up nearly 2 basis points. Its as though something "big" may happen shortly. Thats my 2 cents anyway.
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i am a rookie.


that being said, one of the more bothersome things i've noticed in my minimal years trading is that there are never shortages of people that think the crash is right around the corner - same with the permabulls.


a crash is unlikely - a rally is likely.
free-markets are engineered to go up - same reason inflation exists.


stocks will be cashed-in for currency, news will cause markets to [over]react.
ebb-and-flow is the only constant.


-kk
 
Quote from Strath:

The market has a "eery feel" to it today. To me it seems quiet and is doing nothing even whilst gold is up over $10, oil up .675 and the Euro is up nearly 2 basis points. Its as though something "big" may happen shortly. Thats my 2 cents anyway.
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there is some friction on the selling - some good things on sale.


if i could, id be buying palm right here...
 
I don't think the spoo selling off 30 points would be labeled a crash. Man if someone comes on and says the market is due for a correction they are labeled as doomsayers, trade what you see, and a few of us saw back in early April the mkt was looking tired, it still is. 1250 is a decent downside tgt for now, not exactly a catastrophe.
 
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