S&P 500 very close to intermediate term top

S&P 500 is very close to topping 5/15/07

  • Yes I agree

    Votes: 99 55.0%
  • No I don't agree

    Votes: 49 27.2%
  • Not sure

    Votes: 32 17.8%

  • Total voters
    180
Quote from polpolik:

How do you define close in terms of time and points?

1 day? 1 month? 6 months? if it crashes in 2 months, will you claim to have accurately predicted it?
Quote from ghostzapper:

Within 1 month, and the upper parameter is that it stalls out at the old highs of 2000.

100% accuracy by ghostzapper !
 
Quote from ghostzapper:
and like clockwork, the S&P begins its topping out right here !
ES up 0.45% on my screen. Is this the top yet? Or should I stay long overnight with my 2000 ES contracts? Thank you.
 
Quote from makloda:

ES up 0.45% on my screen. Is this the top yet? Or should I stay long overnight with my 2000 ES contracts? Thank you.

If you permabulls could be honest, this thread is 100% correct so far.
The S&P is topping at the old highs of 2000. Bravo !
Take note, b/c this prediction will come to fruition.
Alot of $$ can be made as this double top forms.
Quote from ghostzapper:

Within 1 month, and the upper parameter is that it stalls out at the old highs of 2000.
 
I'm almost never one to make predictions based on how "high" or "low" the mkt goes but based off the price action the last 3 days, it surely looks like we have reached a top. Every rally had been sold off hard and fast and usually to new lows of the day. I dont remember seeing price action like this in quite awhile. If I was a betting man on anything longer than intraday, my money would most definitely be on the short side. Cant argue with price action.
 
Doubtful this time, look at how the mkt acts on every rally, this is not indicative of a continuation higher. I'm going strictly off of price action, Im not making any predictions based on my own opinions. Price doesn't behave like this when its strong.


Quote from ghostzapper:

Soon you will all look back at S&P 1527 and say " it really made it back there ? "
 
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