going to 1077 on the s&p500

indahook · May 28, 2003

I didnt say it would never happen...just seems like an extreme call to me. Hey, thats what makes this mkt go around. I bet DotSlash wouldnt trade the way I do.

borderbuck · May 28, 2003

THe S&P is on the verge of a magor leg down...40% or more. A lot of pain is just around the corner IMHO.

Tea · May 28, 2003

I agree 1000 to 1070ish

Monsoon · May 28, 2003

sp will trade between 900 and 1000 for the next day.. AT LEAST!!!!!!
get in now we know where its goin!

dgabriel · May 28, 2003

885 before 1077.

axeman · May 28, 2003

Dont know much about the longer term trading stuff,
but it seems to me we at least need a pullback to rest
before we blast through the resistence zone we
are currently touching.

If it just went straight through, without some rest, I would
be pretty surprised.

That said... im not placing any bets.

Why? I don't trade without a plan. I have no long term
EOD plan for SPY, etc..

peace

axeman

JT47319 · May 28, 2003

Quote from indahook:

So your saying that the S+P is going to rise over 120 points in a few weeks? And then retrace to 538.5 by the end of summertime? oh boy......pass that thing over here Bro....I need a puff of what your smoking

(1077 - 800) * 50% = 138.5
(1077 - 138.50) = 938.5

dotslashfuture · May 28, 2003

thx for doing the math

borderbuck · May 29, 2003

Look at the VIX, look at the overwhelmingly bullish sentiment, look at the trend lines and moving averages!!! I think you are all smoking something. Sure the market may go a little higher and may not unwind for a month or two, but I believe the ugliest move to the downside yet is at hand. This is the one that will make people sick to their stomachs...get flat then short while you can.

dotslashfuture · May 29, 2003

sorry, still long only. there isn' t a good short in site.