Is S&P forming intermediate term double top?

[Tsing Tao]

Quote from fly down:

The S&P was @ 1221.1 when this thread started.

Bold any words you like, the S&P is @ 1206 now and that's much more like a zig zag.

i dont care what it was when the thread was started. 25 points in one day (assuming it doesnt crash down) is a rocket move. and that is all the point i was trying to make.

you seem defensive. if youre so sure of your call, you shouldnt be (defensive).

 

[failed_trad3r]

Quote from failed_trad3r:

POMO beats korea + ireland.

Intermediate low has been made for a month or three.

Hope you guys bought the pullback, once above 1200 we won't look back.

Hope you guys followed my advice. you would have made up to 30 ES points in one week.

Also my call for EURO 1.70 still stands.

Also Gold at $2000 still stands

Quote from S2007S:

If that becomes reality this is just getting really fucking pathetic. How much more QE this and that can this world handle, anyone who thinks bailing out failures and creating more QE for every country around the world is just as foolish as the next. The next crisis which will come shortly will be 10X the size of the one this world is in right this second.

So if governments print more money, stocks should crash? Economics 101 disagrees with you on that point.

 

[Larson]

This is what Bernanke is betting on.

A huge gamble, as inflation and the problems it causes for society as a whole is never a good thing.

 

[kashirin]

Quote from failed_trad3r:


So if governments print more money, stocks should crash? Economics 101 disagrees with you on that point.

S&P in gold still at March 2009 levels

 

[gettinglucky]

yet another gap to fill... * yawn *

 

[jokepie]

Quote from gettinglucky:

yet another gap to fill... * yawn *

Ahan... not all of them get filled right away...

 

[Tsing Tao]

Quote from failed_trad3r:


Also my call for EURO 1.70 still stands.

i'll remember this hilarious call.

 

[failed_trad3r]

Quote from Tsing Tao:

i'll remember this hilarious call.

Believe it.

 

[fly down]

Quote from Tsing Tao:

i dont care what it was when the thread was started. 25 points in one day (assuming it doesnt crash down) is a rocket move. and that is all the point i was trying to make.

you seem defensive. if youre so sure of your call, you shouldnt be (defensive).

lol

 

[ScalperJoe]

Quote from gettinglucky:

yet another gap to fill... * yawn *

Yep, it was a great day for buying longs and/or selling calls. This market changes direction on a whim, and that gap will eventually fill.