S&P 500 looking very toppy

Is the S&P 500 about out of gas?

  • Yes, rubberbird is usually correct

    Votes: 67 33.3%

  • No, there's more upside ahead

    Votes: 46 22.9%

  • I don't know/ I don't care/ the bird is an idiot

    Votes: 88 43.8%
  • Total voters
    201
ES will trade down to 1224.75... at least.

The this has sold out... but program sell has not given it's final KICK!

currently 1229.25

ps... uh... Good Call Rubberbird

Spike... do you suspect this is just a dip or a correction? I don't know what the thresholds are. Thanks... also great call!

see both of you are right AGAIN!
 
Thanks SteelHead. I stopped out of my entire position coming back from under $50.

Switched in to a few August 47.5 puts in case this decline has some more legs and Tol gets bad press this weekend.
 
Mvic,

I have a feeling... that its gonna' get a little sweaty for TOL.

Mortgage rate are rising... and will rise faster with the fed meeting comming up to boost them

Plus isn't some 70% of TOL's communities in HOT markets like DC?

High mortgage rates can't help that!

Good call!

and to rubberbird too!
 
Posted by Raystonn on 08-02-05 01:20 PM

I have to agree with your analysis. The overall trend is still up. I expect no serious corrections until the cash S&P closes below its 10-day simple moving average.
More...

It closed below the 10-day simple moving average yesterday. Today we have another 10 point drop. This is what I call waiting for a signal...

-Raystonn
 
Quote from protrader-2K5:

Mvic,

I have a feeling... that its gonna' get a little sweaty for TOL.

Mortgage rate are rising... and will rise faster with the fed meeting comming up to boost them

Plus isn't some 70% of TOL's communities in HOT markets like DC?

High mortgage rates can't help that!

Good call!

and to rubberbird too!
More...

Tol's growth rate certainly appears to have peaked. The easy developments have been done and now they are faced with rising costs, cooling demand in the hottest markets where they have a substantial portion of their business, and the rising rates will not help either. As aa company they should still do well for some time (though things can dry up very quickly in the residential RE business and huge co.s can disappear almost overnight). The point is that their valuations was based on continued acceleration of growth and that is what has changed with yesterdays data and cc.
 
Quote from protrader-2K5:

ES will trade down to 1224.75... at least.

The this has sold out... but program sell has not given it's final KICK!

currently 1229.25

ps... uh... Good Call Rubberbird

Spike... do you suspect this is just a dip or a correction? I don't know what the thresholds are. Thanks... also great call!

see both of you are right AGAIN!
More...

Still long, but to be sure you understand what i'm talking about i will post a chart with comments later on.
At this moment you can be long and right; but you also can be short and right. All depends on what you are trying to do.
 
Hey guys! LOOK at me ! Look at me ! Satisfy my ego for today please ! I called the 12 point drop way ahead of rubberbird.




volente_00


Registered: Nov 2002
Posts: 390


08-01-05 10:17 PM

Rubberbird, why are you jacking off over 10 points ?
You are still in the red 10 points on your last top call at 1225 ?
Call me crazy but the chart is not showing a top, but a pull back to test 1225.
 
Quote from volente_00:

Hey guys! LOOK at me ! Look at me ! Satisfy my ego for today please ! I called the 12 point drop way ahead of rubberbird.

More...
LOL

It is kinda funny. Sorta like:

"Hey Mom, look at me"

"Mommy watch me do this..."

"MOM, YOU'RE NOT LOOKING!!!..."

:p
 
Quote from spike500:

As a daytrader i don't know anything about medium or long terms, but i think we will stay long till end of september. All the downwards moves will be corrections probably.
More...

The first correction ended at the close of 08/08.
 
You must log in or register to reply here.
Back
Top