How high can the S&P go?

[Romeo]

this once promising thread has been cut in half in only its first day. And the posts that were deleted could have stayed, and now the thread has lost much of its meaning.

 

[inandlong]

You mean like the post that quoted another member and said his post was ignorant and he either doesn't trade or loses money, followed by the post that said he does trade and loses money because he trades... like all of us, followed by the post that berated the member for saying that, followed by the post that explained to the berater that the beratee was not berating the berater, followed by the post by the beratee agreeing with the explainer that he was not berating the berater, followed by the post that said the beratee's first post went way over the head of the berater, followed by the post where the berater apologized to the beratee and then said the member who is referenced first in this post is an idiot, followed by the beratee's post saying no prob to the berater and indicating all this crap would be deleted?

And my question is rhetorical because that is the entire substance of the posts that were deleted. So except for the fact that my call that we have seen the high this week until we see the next significant low was deleted also, the rest of it had absolutely nothing to do with "How high can the S&P go."

 

[murray t turtle]

Quote from TheCaracal:

1200 on SP by 11-12/2004; then 600 mid 2006.

Team Bush will see to it.

The market is very clearly rigged and flooded with dollars.

I just came across an interesting stat that NAZZ margin debt is higher now than in March 2000.

Scary.

Best,
David

=============
September has an excellant track record of red, down % of all the months.

Dont care to guess the numbers as far year end;
however uptrends ,[non September uptrends ], go further than i guess they will
and first year bull markets are famous for upside % gains.
=====

SPY did 777 million in buy volume last month.

 

[Romeo]

Quote from inandlong:

You mean like the post that quoted another member and said his post was ignorant and he either doesn't trade or loses money, followed by the post that said he does trade and loses money because he trades... like all of us, followed by the post that berated the member for saying that, followed by the post that explained to the berater that the beratee was not berating the berater, followed by the post by the beratee agreeing with the explainer that he was not berating the berater, followed by the post that said the beratee's first post went way over the head of the berater, followed by the post where the berater apologized to the beratee and then said the member who is referenced first in this post is an idiot, followed by the beratee's post saying no prob to the berater and indicating all this crap would be deleted?

And my question is rhetorical because that is the entire substance of the posts that were deleted. So except for the fact that my call that we have seen the high this week until we see the next significant low was deleted also, the rest of it had absolutely nothing to do with "How high can the S&P go."

Alot of trading talk can be very boring. That's part of the reason the threads with some "zest" to them are popular. The part in question was a funny sideshow to this thread, but it was funny, and added a light hearted element to the serious nature of trading.

I know I could always use a laugh.

 

[Tea]

Romeo wrote on 9/12 & 9/13:

I believe the top was 1032, and there will be no strong rally end of next week. If there is any rally, it certainly will not take out the 1032 high.

The S&P is at 1018, and the high is 1032. I bet there are some of you out there who think the S&P will go higher than 1032.

Please speak up. Thank you.

O.K., I'm going to take a flyer.....go out on a ledge.... and say that your prediction will be wrong as a three dollar bill - the S&P500 will exceed 1032.

 

[Ditch]

Quote from TheCaracal:

1200 on SP by 11-12/2004; then 600 mid 2006.

Team Bush will see to it.

The market is very clearly rigged and flooded with dollars.

I just came across an interesting stat that NAZZ margin debt is higher now than in March 2000.

Scary.

Best,
David

They don't even care about how obvious it is, still .. how disgusting this may be, don't fight it.

 

[Mvic]

do you just keep selling them at higher strikes? At what point do you cover and how do you cover or do you even cover at all? Money mangement skills must be very developed to survive long with that strategy.

Just for fun 1080-1100.

 

[Romeo]

Quote from Tea:

Romeo wrote on 9/12 & 9/13:


O.K., I'm going to take a flyer.....go out on a ledge.... and say that your prediction will be wrong as a three dollar bill - the S&P500 will exceed 1032.

please read my first post of this thread.

And remember, the only way to be a successful trader is if you have the ability to change your mind as market forces change.

 

[Romeo]

Quote from Mvic:

do you just keep selling them at higher strikes? At what point do you cover and how do you cover or do you even cover at all? Money mangement skills must be very developed to survive long with that strategy.

Just for fun 1080-1100.

Yes, very true.

This month, I sold 1050 calls, as I had an upward bias to my S&P prediction. As you can see, they're making me sweat it out till the bitter end.

 

[Mvic]

can be a very lucrative strategy (especially in a range bound market as we have had on the SP last few months before it broke out) with good money management. It allows you to increase your probability of a profitable trade substantially while allowing allot of leeway regarding accurate prediction of price movement (in otherwords if you sell a 1050 call you come out of it with a profitable trade as long as the SP closes at 1050+ premium collected).

How would you deal with a move above 1050, would you then sell a higher strike or would you cover with the futures? Would you wait until you got to break even to cover?

In the long run does this strategy beat the SP on an annual basis?