Quote from trading_time:
we are just that much closer to my target.. good luck to everyone!

Quote from bwolinsky:
TT, what is your time frame for 1200? Is it by year end? Midway through next year?

Quote from bwolinsky:
TT, what is your time frame for 1200? Is it by year end? Midway through next year?
Quote from Mach4-1:
tt..drop the shite..right![]()
the market..the dumb fukin market..will do what it will do..take control and you can do what others will never be able to do..as they are the weak minded..and doomed to eternal stagnation and mindless meandering in the big bad world of trading..IT'S A FUKIN MUGS GAME..SO STOP BEING A MUG AND TAKE THE MONEY FROM THE IDIOTS WHO HAND IT OUT EACH AND EVERY DAY![]()
Quote from trading_time:
by years end yes.
HAHAHA,
btw my bet is not on it.. I day trade. I just don't agree with these it's going down thread, because PA and trend says something else. When the trend changes then I would agree with some selling threads. For now. to the moon!
Thanks..

Quote from piezoe:
trading_time has guessed 1200 on the S&P just like every other experienced trader in the world because that is where the next resistance is. It is purely a technical call. Just look at the chart.
Does that mean the market will go straight up to 1200. No, of course not. That's a reasonable target at this point. In the meantime you are a fool to go short until the market tells you to. The first step in telling you to will be a close below the trendline. We haven't had that yet. Then the next step will be either a move further down on reasonable volume, or a retrace to the trend-line with failure to close above it. At that point, as always, it is a judgment call. But you shouldn't even consider going short until one of those "maybe" events take place, or you wake up to find people jumping out of twelve story buildings.
If you are just so nervous that you just have to be short something, then find some hideous, hapless, hopeless stock like maybe Blockbuster and lay a short put diagonal on it, or something, with the long leg deep and far out, if that is what it is going to take to stop your urge to second guess the market. The market will tell you when it might be time to short! It hasn't said anything along those lines yet, so stop this nonsense about shorting the market or i will have to slap you..

Quote from piezoe:
P.S. Mach4. Before you bounce back with foul language and a nonsense limerick, note that the person i'm going to have to slap is the figurative you -- the "you" that wants to short the market here and now.
