How high can the S&P go?

T-REX · Oct 9, 2003

Quote from TheCaracal:

Pabst is Alan Greenspan!!!!

Nice call.

Best
David.

Pabst YOU SUCK!!!!!

.......You suck the life right out of the bullish broke brainless wanna be Market Commentators!!!

You DA MAN!

Good Call DUDE!

Romeo · Oct 9, 2003

Quote from inandlong:

Regardless of the accuracy of Pabst's most recent call, his posts around ET certainly indicate an excellent breadth and depth of knowledge.

Geez, the guy hit the price AND time pretty much on the nose.

Incredible!

bronks · Oct 9, 2003

OK. Here I go. Shorting the shit out of the market AGAIN. I must love pain.

...Wait, maybe I'll wait and see how we open tomorrow first.

TheCaracal · Oct 9, 2003

bronks,

the very existance of this thread suggests that shorting is an exercise in pain, just as buying dips was in 2000.

Take a breath, and let a few more upside attempts, at least 6 more, develop before you start SS.

It is an election cycle..and to me very similar to 1970-72...Nifty 50 era...think XRX, PLD, IBM, EK, being replaced by AMZN, EBAY, NTES, AZO, HOV..etc...

Bush can't let the National Thermometer go to sh*&t NOW.

Just can't.

Best
David

mBear · Oct 9, 2003

Quote from spyderman:

Who cares? just trade em!

Spoken like a true trader. You don't need an opinion based on perceived fundamentals - it just gets in the way of profitability.

Also see my post on virtually the same subject -

http://www.elitetrader.com/vb/showthread.php?s=&postid=347200#post347200
_________________________________
"Trade what you see, not what you think."

bronks · Oct 9, 2003

Quote from TheCaracal:

bronks,

the very existance of this thread suggests that shorting is an exercise in pain, just as buying dips was in 2000.

Take a breath, and let a few more upside attempts, at least 6 more, develop before you start SS.

It is an election cycle..and to me very similar to 1970-72...Nifty 50 era...think XRX, PLD, IBM, EK, being replaced by AMZN, EBAY, NTES, AZO, HOV..etc...

Bush can't let the National Thermometer go to sh*&t NOW.

Just can't.

Best
David

Nicely said David.

Where'd you get the 6 more attempts from? Funny, by the time I'm done poking at the short side (intraday), I'll usually be down by about six points avg. Then when it does turn, I've got to load up on contracts to make up the difference. Usually get ahead by a few points after all is said and done. But what a headache. All because I don't wanna be late to the party.

EDIT: This method has handed my head back to me over the past two weeks. Ego severly deflated, it now fits my body once again.

QdzResurrection · Oct 9, 2003

100% up room to go! Thank you. Thank you.

TheCaracal · Oct 9, 2003

Quote from bronks:

Nicely said David.

Where'd you get the 6 more attempts from? Funny, by the time I'm done poking at the short side (intraday), I'll usually be down by about six points avg. Then when it does turn, I've got to load up on contracts to make up the difference. Usually get ahead by a few points after all is said and done. But what a headache. All because I don't wanna be late to the party.

EDIT: This method has handed my head back to me over the past two weeks. Ego severly deflated, it now fits my body once again.

6 attempts is just a guess..good night buddy...just know ya gotta count to 500 on this sh*&^T..b4 it works, actually only 4 more attempts available!

best
david

bronks · Oct 9, 2003

Quote from TheCaracal:

...6 attempts is just a guess...

Boy, shows you how hard-up I am for an edge. Or a reason to go short.

Pabst · Oct 10, 2003

Today's highs were not just random areas of exhaustion. I would rather wait and buy a breakout than buy a pullback here. I.E. these highs could hold!!