S&P 500 looking very toppy

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Quote from Romeo:



So a new guy with 3 posts has a biting comment for me? How shocking!

Listen Einstein, if you can understand English, which is highly debatable, a new poll can reflect different results w/o changing my premise that you quoted. For example, less than 50% in the A) category, as opposed to what there is now.

Now take a deep breath, and think about it.

Am I talking slow enough?
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Oops, I must have hit a nerve, lol. Just for the record, I've been daytrading the ES for 5+ years and reading Elite Trader for 3 years. I just got tired of seeing "bozos" such as yourself try to pass your word off as the "end all, be all" for the people really looking for help here. When someone dares to try to question all the crossed up, contradicting statements you've made, you get very irate. We'll that's life. Some others suggested that responding to any of this was a waste of time and effort, I think they were right. Adios.
 
I am new to ET but I am beginning to feel like I have stepped into a sneak pit. Cool off guys.

In my 40+ years of trading I have never met anyone who was angry and made it.
 
Quote from lmt:



Oops, I must have hit a nerve, lol. Just for the record, I've been daytrading the ES for 5+ years and reading Elite Trader for 3 years. I just got tired of seeing "bozos" such as yourself try to pass your word off as the "end all, be all" for the people really looking for help here. When someone dares to try to question all the crossed up, contradicting statements you've made, you get very irate. We'll that's life. Some others suggested that responding to any of this was a waste of time and effort, I think they were right. Adios.
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The only nerve you hit was the money nerve on me. I'm cashing in every day based on my straightforward statement and thread "S&P looks toppy". Sorry that you don't understand such a simple phrase. Now go run along now, and follow the other ET people. Let's see, you're new to this board and are taking advice from people you don't know? Can I laugh at that? My advice: "get out of the trading game!"

This "bozo" with all my contradicting statements such as "S&P looks toppy" have taken me straight to the bank! Can you say "ca-ching!" Up 5% in the last month all from my belief that the "S&P looks toppy". Sorry that this statement confuses you. And I'm trading a large account, so 5% is BIG. So call be a bozo, a rich bozo.

How about following along and say, "I trade ES with my $2,000 account, and I hate seeing people who have confidence be right."
 
Quote from Lovelitera:

I am new to ET but I am beginning to feel like I have stepped into a sneak pit. Cool off guys.

In my 40+ years of trading I have never met anyone who was angry and made it.
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I'm up 5% in the last month, all from my notion that the "S&P looks toppy". I couldn't be more happy.

Don't confuse being firm with jackasses on ET from any other emotion.

Yippee!
 
Quote from nitro:

It is extremely difficult to say.

A few months ago, no amount of bad news could stop the market from going higher with dip buyers stepping in and taking the market higher.

Recently, the market takes good news in stride, and when the buying subsides, shorts come in and route the market. All this still in sort of a trading range, as dip buyers are stepping in, less ferociously, but you can always see where they are lurking just waiting to pounce.

I am extremely bullish mostly for one reason. About $5 Trillion dollars is now in cash waiting to get invested (about $3T of it came last thursday out of the Eurodollar futures, an astounding number in one day.) Now, the question is WHERE does this money go? It was clearly wrong to put it in Bonds a week ago. Today, it is not so obvious, as bond yields are once again beginning to get competitive. However, IMHO, as long as yields stay below 5%, that money will go into equities, and therefore the stock index futures will just grease that oil and provide positive feedback to the (hypothetical) rally.

All fun and games theorizing about it, as who cares or trades this way?

nitro
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How did you get the 5 trillion figure? If it's true, my opinion is that it doesn't necessarily mean that the money goes straight into the stock market.
 
Romeo has asked that the voting results be zeroed and a new poll started to see if there has been a change in ET sentiment. Even if you voted previously, you can vote again.
 
Quote from inandlong:

Romeo has asked that the voting results be zeroed and a new poll started to see if there has been a change in ET sentiment. Even if you voted previously, you can vote again.
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O.K. ET "people", time to honestly vote on the above poll. And let''s see if we can use this info to help us trade.
 
Romeo,
Toppy? Not really.
Going to correct for a month or so....I would bet on it!:D

But since I am not a gambler, but a trader, I take each day as it comes to me.:D
 
Quote from Romeo:
How did you get the 5 trillion figure?
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$3 T was already sitting in cash. 2T came out of the Eurodollar Futures last thursday.

If it's true, my opinion is that it doesn't necessarily mean that the money goes straight into the stock market.
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I agree.

nitro
 
Quote from lmt:



According to what you posted here, there isn't any need to run a new poll. It will always come out the same. This is YOUR plain english, not mine.
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Does it look like the new poll has similar results as the old one?
 
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