How high can the S&P go?
- Thread starter Romeo
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But If you remember, it was I who told you that the S&P 500 was going to move forward in your previous thread (Romeo's "S&P 500 Looking Very Toppy"). Yes that LONG bias I used for trading the ES during that period was very profitable. In the end, "those that can do, and those that can't preach".
BTW, the only paper in my house on Friday was all GREEN! :eek:
BTW, the only paper in my house on Friday was all GREEN! :eek:
Quote from SethArb:
I want you to know that I backed up my statement by pulling close to 200 grand off the markets (all profitable positions) about a week and a half ago.
you are either a top prop swing trader or an up and coming
hedge fund guru or mutual fund manager
LOL, nope.
Just an 'ol fart that has been around the block (been trading for about 25 years), and have seen exhausted rallies before. I trade from my home, part time. I use mechanical trading systems (for signals) and common sense.
Now, volume is pretty average to the downside, buyers on vacation, are we gonna need "the big drop" on high volume to get the shorts to cover (locking in profits) and encourage buyers to come in?
Quote from AMT4SWA:
Post was directed at Romeo.....I thought maybe we could pre-occupy him on Monday so he won't start another new "SAP 500 Looking..." thread. :eek:
Now Romeo...don't get sensitive, we are suppose to be having fun with this one and only life we have.
patting yourself on the back.
you know the old saying, if you don't like what your watching/reading, you always have the power in your little fingers to push that button an exercise your rights to view what you want.
The last 3 "S&P looks..." threads i've started all had over 10,000 views. How 'bout your threads. I said threadssss. Not thread.
100% up room to go.
Romeo,
For the record, I think the S&P will hold its own for the next month or two. I know historically the month of September is a tough one for the S&P and we are very close to October now. So I would definitely say the S&P will not drop to and test the 960 price level this month. Now for the month of October and beyond, I do think we will come down to test the S&P's 960 price level. For me the next question is, what will happen when price action tests the support at this lower level. I think the S&P will hold support and bounce off the 960 area price levels (my guess would be the 950 to 965 area) for the next move to new highs on the S&P prior to years end. I do think the S&P will push beyond the 1050 area and even on past 1100 by the end of the year if good corporate earnings and additional signs of an expanding economy prevail. The good thing is time WILL tell, and we shall all see how the markets play out our great drama.
BTW, How about them "VIKINGS", 4 and 0 baby!
For the record, I think the S&P will hold its own for the next month or two. I know historically the month of September is a tough one for the S&P and we are very close to October now. So I would definitely say the S&P will not drop to and test the 960 price level this month. Now for the month of October and beyond, I do think we will come down to test the S&P's 960 price level. For me the next question is, what will happen when price action tests the support at this lower level. I think the S&P will hold support and bounce off the 960 area price levels (my guess would be the 950 to 965 area) for the next move to new highs on the S&P prior to years end. I do think the S&P will push beyond the 1050 area and even on past 1100 by the end of the year if good corporate earnings and additional signs of an expanding economy prevail. The good thing is time WILL tell, and we shall all see how the markets play out our great drama.
BTW, How about them "VIKINGS", 4 and 0 baby!
Quote from AMT4SWA:
You actually keep track of how many views you have to your threads??? What are your priorities again?
yes, I have many spreadsheets, and regression analysis as to how many views there are.
Are you for real? how can you say "I keep track of the views". Where did you hallucinate this?
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