Is S&P forming intermediate term double top?

IS S&P forming an intermediate term double top ?

  • Yes

    Votes: 40 41.7%

  • No way

    Votes: 33 34.4%

  • I don't like you or these polls

    Votes: 23 24.0%
  • Total voters
    96
Quote from S2007S:

Notice once again today, the market gaps up trades higher and doesnt pull back any bit more than maybe .10%. Notice how quietly the market is when it trades higher, you dont feel much volatility. You feel more push and pull on down days than you do any up day.
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I hope you have also noticed this is a common occurence in BULL MARKETS.

Anyway, anybody who followed my call of S&P 1270 in a month made up to 50 ES points already in less then a week

You're welcome!
 
I'd like to take credit for my call, too. Anyone who followed my call sold 1220 short , bought 1175 and rode it back to 1220. That's a gain of 90 points. You are welcome!

Quote from nonlinear5:

According to the poll, the ETers are split right in the middle in their opinions about the next market move. To prove everyone wrong, the market would need to trade around where it is right now for a while. That way, both the bulls and the bears will be slaughtered.
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Quote from failed_trad3r:

I hope you have also noticed this is a common occurence in BULL MARKETS.

Anyway, anybody who followed my call of S&P 1270 in a month made up to 50 ES points already in less then a week

You're welcome!
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50 es points can also disappear in less than week as well......
 
Quote from Tsing Tao:

i love how people cheer themselves when they make a call, but run and hide on all the other calls that weren't so hot.
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hmm, who are you referring to, mate?
 
Quote from Tsing Tao:

i love how people cheer themselves when they make a call, but run and hide on all the other calls that weren't so hot.
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I don't have enough experience dealing with traders, but from what I have seen so far, their behaviors correlate nicely with behaviors of poker players (whom I've had a great deal of interaction with) and gamblers in general. They seem to only remember the winning sessions and somehow forget the losing sessions. Or, more accurately, in their minds they amplify their winning sessions and minimize their losing sessions. Ever notice how there are no losing gamblers? Only those who win and those who break even. :D
 
Quote from S2007S:

Notice once again today, the market gaps up trades higher and doesnt pull back any bit more than maybe .10%. Notice how quietly the market is when it trades higher, you dont feel much volatility. You feel more push and pull on down days than you do any up day.
More...

The VIX was down over 9% today. It will be interesting to see how the SPY responds at 123 near the prior highs. Perhaps you'll get more of a push/pull at that point.
 
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