Forget about S&P 1000

Will the S&P see 1000 in January?

  • No, rowshan is correct

    Votes: 53 51.0%

  • Yes it will

    Votes: 23 22.1%

  • Please send this thread to chit chat

    Votes: 28 26.9%
  • Total voters
    104
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Quote from B. Rowshan:

The premise is that the S&P won't see 1000 in January.
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Hey Rubberbird, there are still 13 trading days left in January for you to be wrong. :)




If we hold 850 level here, then you had better watch out selling premium for Feb.
 
Quote from B. Rowshan:

The S&P closed at 931.8. It will not see 1000 in January. It will see 850 before it sees 1000. Only serious replies will be answered.
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Getting close to 850! Let's remember to stick to trading talk..
 
Quote from Reaver:

Spelling his name correctly isn't really that important .
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So... We should all take you seriously when you flame a trader whose name you don't even know?
 
Are the bulls still looking for that bull market???

That late december early Jan rally took everyone off guard, all those crazy predictions of 20-30% gains for the s&p 500 just last week are looking even harder to obtain right now. How can anyone think that the rally to 9000+ was sustainable, complete fools, I added a bunch of inverse funds as the dow rallied from 8400 to 9000, I just started selling them off yesterday and today, I will admit I did sell some inverse etfs WAY TO EARLY, SMN @ $37.75, 1/2 of MZZ at $62.50, BGZ at $64.00, ERY at $35.00.

Today I sold off all of my TWM at $71.50
1/2 of my FAZ at $52.00 1/4 of my SRS at $67.00
 
Rowshan, if you are making a mistake, i would bet that it is the mistake we all make from time to time, and that is to assume that the market will react rationally. We all know, but sometime forget, that the market can be very irrational in the short run.
 
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