Ok good, finally a piker-less post.
Now take the next step and acknowledge how Ghostzapper
made a tremendou$ call that the S&P would $tall at the 2000 high$ !
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S&P 500 very close to intermediate term top
- Thread starter ghostzapper
- Start date
Ok good, finally a piker-less post.
Now take the next step and acknowledge how Ghostzapper
made a tremendou$ call that the S&P would $tall at the 2000 high$ !
I don't know about that volente. A close below 1516-17 on the spoo will not be good. It held yesterday, but today not looking so hot.
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.
polpolik, how'd i do ?
S&P about to break below 1500.
Who knows how low it goes from there, assuming it holds?
I did not anticipate this kind of institutional selling. And yes, it is institutional selling.
Lots of money flowing into fixed income!
Who knows how low it goes from there, assuming it holds?
I did not anticipate this kind of institutional selling. And yes, it is institutional selling.
Lots of money flowing into fixed income!
The SPX started this decline < 1% above its 2000 closing high of 1527.
The most obvious observation here is the market technician's
favorite saying, "Prior Supply becomes Current Resistance."
Simply stated:
"Millions of investors never sold their overpriced 2000 holdings.
Now after 7 years of holding, they finally have their long awaited opportunity to breakeven."
The most obvious observation here is the market technician's
favorite saying, "Prior Supply becomes Current Resistance."
Simply stated:
"Millions of investors never sold their overpriced 2000 holdings.
Now after 7 years of holding, they finally have their long awaited opportunity to breakeven."
Quote from jeffalvinson:
The SPX started this decline < 1% above its 2000 closing high of 1527.
The most obvious observation here is the market technician's
favorite saying, "Prior Supply becomes Current Resistance."
Simply stated:
"Millions of investors never sold their overpriced 2000 holdings.
Now after 7 years of holding, they finally have their long awaited opportunity to breakeven."
Great post !
You just uncovered 1 prime reason I knew the S&P would stall at the old 2000 highs.
This threads premise has made me +5% this week ! Yes !
Is there anyone who wants to comment on this thread given
what has occured in the stock market this past week ?
what has occured in the stock market this past week ?
Are you going to take your 11 points of profit or watch it disappear ?