LOOK AT THIS CHART - all you predicting mofos, what will SPY do next?

What's it gonna do?

  • It's gonna go down

    Votes: 30 35.3%

  • It's gonna go up

    Votes: 32 37.6%

  • I'm not an ET guru and I can't predict price direction. Sorry, I'm not selling a trading course via

    Votes: 23 27.1%
  • Total voters
    85
Quote from 1a2b3cppp:

there's a blank scroll box at the bottom of your post. Whatever you tried to embed didn't work.
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shows up in mine for some strange reason..... Idiots at CNBC cant even make shit embed right..

3:45
http://www.cnbc.com/id/15840232?video=3000009977&play=1



Then heres Cramer telling the Fed to SELL oil futures short to stop speculation...... Do i even need to say anymore..... No speculation going on the thousands of shit stocks he pumps everyday....

http://www.cnbc.com/id/41958428/Cramer_Post_Gaddafi_Dow_to_Rally_1_000_Points
 
Quote from 1a2b3cppp:

140 views and 9 votes? Really? At least 4 of you guys are honest and say you can't predict direction.

What's wrong? None of you system-selling gurus with the ability to predict direction want to chime in?
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What's the point on focussing on indexes right now ? Everythings sector related you should be looking at what sectors are strong/weak or overbought/oversold and trade accordingly.
In fact, this coming week these conditions could change daily due to option expiry.

Two things I don't understand right now are Gold stocks and the VIX. Seems somethings got to give in these areas. I suspect there will be some serious money changing hands in the metal area this week, I can't predict direction so I'm on both sides. I suspect any move will be obvious and there will be a 24 hour window to make money on it.
 
I don't know if the market is going lower right now, but if it does it will create some great buying opportunities.

Buy S&P at 1220 area and ride the bounce to 1257 is the one that leaps out to me. Thats a high probability trade.
 
Quote from BlackBison:

I don't know if the market is going lower right now, but if it does it will create some great buying opportunities.

Buy S&P at 1220 area and ride the bounce to 1257 is the one that leaps out to me. Thats a high probability trade.
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Can you post your analysis or reasons for why you think this will happen?
 
Quote from athlonmank8:

. Exactly. I will say this though. There's one trader who used to post here that could do this with such precision it was scary.
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You mean something like this?
SYMBOL, DATE, PRICE, FORECAST, PERCENT
SPY, 20110311, 131.0000, 1.8785, 1.4
SPY, 20110310, 130.1900, 1.5644, 1.2
SPY, 20110309, 132.0200, 0.8930, 0.7
SPY, 20110308, 132.4900, 1.4823, 1.1
SPY, 20110307, 131.5000, 0.4507, 0.3
SPY, 20110304, 132.3900, -0.5522, -0.4
SPY, 20110303, 133.5200, 0.5601, 0.4
SPY, 20110302, 131.1700, 1.3620, 1.0
SPY, 20110301, 130.4700, 0.9654, 0.7
SPY, 20110228, 133.3700, -0.5928, -0.4
SPY, 20110225, 132.2800, 0.5525, 0.4
SPY, 20110224, 131.0600, 3.2253, 2.5
SPY, 20110223, 131.1900, 2.6652, 2.0
(Note: you wait for extreme readings to go long/short)

For not just SPY, but 15,000 other stocks?
Yes, I know the source, if anyone interested.
 
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