How high can the S&P go?

T-REX · Oct 22, 2003

romeo.romeo. where art thou romeo?

YOU GO BOY!

Looking like a genius again!

Where are ALL of your detractors???

......oh thats right they are ALL long this market.

tisk.tisk.tisk..........HAHAHAHHHAHHAHH!

I think I'm feeling much better today.

AMT4SWA · Oct 22, 2003

1050? The question is where does the S&P go to before we move back over the 1053 area? I call for a return to the 990 area prior to a break above 1053 again...this is the question. I was sitting in ES SHORTS overnight as I felt we are going lower, and I will do the same tonight...

CYA!

Chris

T-REX · Oct 22, 2003

Quote from AMT4SWA:

1050? The question is where does the S&P go to before we move back over the 1053 area? I call for a return to the 990 area prior to a break above 1053 again...this is the question. I was sitting in ES SHORTS overnight as I felt we are going lower, and I will do the same tonight...

CYA!

Chris

Ride'em cowboy!!!

Damn skippy! We just might have ta hold'em overnight AGAIN!!!
I'll add shorts too when the time is right. Around NQ 1370.00 We should retrace and I'll go long intra-day.

2 Bar Charlie over & out!!!
PEACE.

waggie945 · Oct 22, 2003

The average growth rate for the dollar, euro, yen, and the yuan was over 15% during the March-August period.

Also:

(Data in Billions for M3 Growth)

January: -.18
February: +46.5
March: +26.5
April: +17.9
May: +92.6
June: +66.0
July: +161.4
Aug: +23.4

Sept: -24.0

Since September, M3 has totally collapsed and this is why we will finally get a CORRECTION in the broader indexes, especially in the small cap and mid-cap area where money supply benefits them the most. As a result, the next upleg in this cyclical bull market should see the big-cap names outperform and assume market leadership.

Romeo · Oct 22, 2003

Quote from Romeo:

I don't think there's much upside left. Maximum to 1050.

So that's where i'm voting.

Above is the first post to start this thread.

I appreciate the few today who have posted to acknowledge this thread and the call that the S&P was going to top out around 1050. Brilliance!

To the 95% of other ET'ers who cannot acknowledge, I say to you, hopefully t-rex is right and you are mostly long, and will be hatin' it soon enough.

Contrarian thinking prevails again! I was in the minority on the above poll. And I challenge anyone in ET to try to create a poll similar to mine where all four categories are so close in vote tally.

This completes my posting. Good luck to all.

waggie945 · Oct 22, 2003

Did someone actually give a TARGET of 1028 late last week?

Just gott have the last word, eh?

mrmarket2 · Oct 22, 2003

It doesn't matter where the S&P goes. Every day there are 100's of stocks setting new highs, no matter what happens in the overall market. The key is to be able to have a quantitative model that finds these stocks.

JORGE · Oct 22, 2003

Quote from JORGE:

I am only an intraday trader of equities, so I don't really care where the market is heading longer term, but it seems to me we have had several of these sell the news pullbacks in the last month and every time we are higher a week later. I do not see why it would be any different this time. I would "guess" the S&P will see 1060 before 1030.

Nice call Romeo, I guess this is why I stay away from market timing and stick to individual stocks.

waggie945 · Oct 22, 2003

Romeo's call was made back on September 17th.

Which could have been GOOD, and it could have been BAD, depending on what your trading-style is.

Romeo · Oct 22, 2003

Quote from waggie945:

Romeo's call was made back on September 17th.

Which could have been GOOD, and it could have been BAD, depending on what your trading-style is.

On 9/17 the S&P closed at 1026.

So since I thought the S&P was topping at 1050 or thereabouts, I sold lots of 1050 and 1075 calls, and made a fortune, and that's GOOD. That's my trading style, it's called winning. I see a top, I short the calls at and above my preceived target. And it works just fine.

Also pinpointing the top has allowed me to short many individual stocks the last few days (including ERTS into earnings), as the S&P tried and failed to go above 1050. Very lucrative. But that's history now.

My best to Pabst, Inandlong, and Mvic. These are three smart people, and some fine message board buddies. And my "guess" is that they're all excellent traders too.

Now I'll go back to my quiet world of guessing the exact turning points on the S&P, and engaging in seriously profitable market timing.
+800% cumulative in 8 years, with not a single down year. Bye bye.