S&P 500 very close to intermediate term top

[ghostzapper]

Quote from trade2learn:

If you claim to be 100% accurate, why don't you show us your statement and see how you shorted the ES at the exact top or bought some puts on it.

My pleasure, except for one thing... what is ES ?? Never traded that in my life.

 

[nonlinear5]

Quote from ghostzapper:

what is ES ?? Never traded that in my life.

ES stands for a certain financial instrument. Anyone who traded it to fade your call would be up about $700 per contract.

 

[Steve Tvardek]

ES is the S&P 500 emini futures symbol

Quote from ghostzapper:

My pleasure, except for one thing... what is ES ?? Never traded that in my life.

 

[ghostzapper]

Quote from nonlinear5:

ES stands for a certain financial instrument. Anyone who traded it to fade your call would be up about $700 per contract.

Really?? If you shorted the S&P at 1527 you'd be losing money ?? You're not too bright, eh ?

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.

Quote from ghostzapper:

ok CNBC says the old high is 1527. It's been 7 years so I didn't remember the exact number !

When the S&P hits 1527, the end is near. Oviously the first sign of trouble will be increased volatility so the upper end may get stretched abit.

And you can also say that at that point the risk/reward will strongly favor lower prices over the next 6 months. Take it to the bank.

 

[volente_00]

Quote from nonlinear5:

ES stands for a certain financial instrument. Anyone who traded it to fade your call would be up about $700 per contract.

Actually if you had bought ES right when he posted, at the peak you would have made $1450 per contract and even if you are still holding today you would be up $ 600 per contract.

 

[ghostzapper]

Many congratulations to me and the 50%+ of poll respondents who got it right. When I started this thread on 5/15, I said the S&P was close to an intermediate term top, and it was !

I also emphatically stated that the top would be a double top formation around the 2000 highs which is S&P 1527 ! We nailed it !

 

[increasenow]

to ghostzapper..were does the ES go next week?..does it break the 2000 record?

 

[makloda]

Quote from ghostzapper:
When I started this thread on 5/15, I said the S&P was close to an intermediate term top, and it was !

Hmmm On the 15th, SPY closed @ 150.57. The low on Thursday, the 24th was 150.74. I.e. anybody following your amazing call by going short ES, SPY or any other equivalent instrument was likely never ever in the green, not a single cent

 

[Dr.Greenback]

Quote from ghostzapper:

My pleasure, except for one thing... what is ES ?? Never traded that in my life.

No offense sir, But how can you possibly make a market call, or give a recommendation on the S&P 500 without knowing what ES means? It negates the validity of your analysis even if you are right. JMO

Anyone can guess, or listen to CNBC and hear them state how the S&P 500 is at, or approaching all-time highs.

That's why these top and bottom threads are ridiculous.

 

[ghostzapper]

Quote from makloda:

Hmmm On the 15th, SPY closed @ 150.57. The low on Thursday, the 24th was 150.74. I.e. anybody following your amazing call by going short ES, SPY or any other equivalent instrument was likely never ever in the green, not a single cent

Yeh, only problem w this is that you ass/umed i called a top ON 5/15, whereas the title of the thread says " ..close.." So, I suggest you go back to the 1st grade and learn what the word "close" means.