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 ghostzapper:

waggie you're calling for S&P 1559.09 ?
Is this correct ?

ET's 2 biggest parasites see the same thing
What does this tell you ?

don't under estimate the power of parasite.
the parasite indicator now works 100% of the time !
 
You can now:

Quote from Chood:

You no-risk longs shouldn't mess the diaper quite yet: although you're still underwater those 25 SP points, you could get them in a blink. Until then, of course, the intermediate-term top is secure.
 
Quote from volente_00:

See you at my 1560 prediction in the next 30 days.
Quote from waggie82:

1531.85 and heading for a challenge of the mid-June highs around 1538.71
Objective: 1559.09

When these 2 agree, you KNOW it has to be wrong.
They agreed "up" as of yesterday. Hence, a big selloff today.
The parasite predictor is now 1 for 1 !
Heck, waggie couldn't even get a measly 7 pts going his way .
 
Quote from ghostzapper:

When these 2 agree, you KNOW it has to be wrong.
They agreed "up" as of yesterday. Hence, a big selloff today.
The parasite predictor is now 1 for 1 !
Heck, waggie couldn't even get a measly 7 pts going his way .

Absolutely will prove to be the most accurate indicator ever on ET !
 
Quote from volente_00:

See you at my 1560 prediction in the next 30 days.
Quote from Landis82:

1531.85 and heading for a challenge of the mid-June highs around 1538.71
Objective: 1559.09

I'll guarantee when these 2 agree, that event will never occur.
 
Appears the dipsters are seeking revenge against me today for my spanking of the no risk longs yesterday. Won't let 'em push sp futures up and past __42.00 while I'm short.

Quote from Chood:

I believe 'Zapper is correct, although not for any reason evident from tape reading this afternoon's equities action. In case you've missed it, we are in a bear market for bonds. Consequences for equities are inevitable.

I'm so convinced that I'll short the S&P front month pre-open Monday, on expectation that today's bonds losses won't be recouped by mid-day Monday. Monday afternoon sets up for sheep shearing de luxe, or at least as table setting for the rest of next week and the month of July.

Index wise, come daybreak Monday, I'll be on the giving end of the shears. I'm there already in individual stocks -- positioned only I mean, because thus far, in those short positions, I'm the shearee, not the shearer. Those shorts include a position added just today (MAR). Nothing dissipates faster than sector helium (hotels in this case) in a light volume week.
 
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