How high can the S&P go?

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Quote from Romeo:

is really not scaring me to cover the 1050 calls.

Maybe 1040 is the top. That's just a guess.
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Only fools and dead people don't change their mind, and you are neither of these Romeo.

Especially in this biz, there is no room for stubborness. Hopefully you won't let this thread lock you in to a trade you should be exiting or reversing.

Just my 2 cents...
 
so I'm inclined to agree, however short term (i.e. the rest of the week) I'm not so sure. I sold my LEH calls today, although it appears to want to break out (closing above a major resisteance line) however I'm not so sure about the current market so I'll just wait for some direction. Let's see some direction :)
 
Quote from inandlong:

Only fools and dead people don't change their mind, and you are neither of these Romeo.

Especially in this biz, there is no room for stubborness. Hopefully you won't let this thread lock you in to a trade you should be exiting or reversing.

Just my 2 cents...
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Inandlong has once again proven why he's a good moderator, and one intelligent dude. Yes, I have changed my mind based on today's action. My guess is now: I don't know. I do know I have no positions, and wouldn't be surprised to see the S&P top 1050.

Hey, if the Cubbies can win, and the stinkin Red Sox are still alive, then, by golly, anything can happen, even to stocks.
 
All the shorts have covered or are covering and the longs are so bullish it is mind boggling. Heavily short NQ and SMH. Long Euro. Long Gold.

Going to the boat show tomorrow (Annapolis), hopefully when I get back Monday I will not have to report that I got stopped out of everything.

Good luck all.
 
Quote from Romeo:



Thanks, Einstein. It won't go as high or low as it damn well wants to, it will stop at a level that super technicians can figure.
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So ... you are a 'super-technician' and you are going to stop the market at a level that you 'figure.' ROTHF!!!

Go for it Dude! Better yet, just give me a ring and I will buy all you want to sell.

Btw, you are on my ignore list so flame away - just came back to laugh in your face.
 
Quote from BlueHorseshoe:



So ... you are a 'super-technician' and you are going to stop the market at a level that you 'figure.' ROTHF!!!

Go for it Dude! Better yet, just give me a ring and I will buy all you want to sell.

Btw, you are on my ignore list so flame away - just came back to laugh in your face.
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That was not my quote. I don't use the word "damn" or "super-technician". Nice try.
 
Quote from Mvic:

All the shorts have covered or are covering and the longs are so bullish it is mind boggling. Heavily short NQ and SMH. Long Euro. Long Gold.

Going to the boat show tomorrow (Annapolis), hopefully when I get back Monday I will not have to report that I got stopped out of everything.

Good luck all.
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Interesting. I hope you're right.

But since I haven't "capitulated", rather just taken my chips off the table, please remember I can put my chips back on at a moments notice.
 
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