S&P has had it ! Intermediate term top right here !

[ghostzapper]

I feel like i'm in that game show in the 80's where they put you in a small chamber and money is flying all over the place, and you are suppose to grab all you can in a certain amount of time.
When you exit the chamber, you see what bills you got !

 

[Tums]

The biggest rally of the year is in the making.

 

[ghostzapper]

Quote from Tums:

The biggest rally of the year is in the making.

I would welcome it, as long as it lasts only today.

Have no positions, will re-short big-time on the close .

Rally away !

Added another +1% to my YTD return today, now +26%.

 

[ghostzapper]

Quote from dwl603:

Congrats man, but if you make 50% for the year then the hookers and blow are on you And they better be high priced ones, every now and then when the market hands out money i like to pretend i have class.

If it were 10 years ago, i'd be all over it !

 

[Pa(b)st Prime]

Quote from ghostzapper:

I would welcome it, as long as it lasts only today.

Have no positions, will re-short big-time on the close .

Rally away !

Added another +1% to my YTD return today, now +26%.

I'm flat the Index but short Bonds which is a de facto long in equities.

I'm certainly concerned that if the stock market can change it's profile from close on the low Friday's it can also morph away from meaningful rally Monday's.

It's been my hypothesis that the lows made last Monday would hold for several weeks. IMO the market needs to shift sentiment back to a more neutral posture. Swift short covering rallies like the first half of last week is the market's remedy to over bearishness. I expect to see this whippy trade for a few more weeks.

I won't be a serious mega short in the Index until I can go three day's without hearing the words "sub-prime" and "crisis" mentioned in the same sentence. In fact the trigger for new shorts would be Sue Herera sticking her tits out at me and mouthing "with the sub-prime crisis behind us we have a Dow at this hour up 182 points. On Power Lunch, Bill Griffith will entertain a guest who says the Dow will be at 15,000 by year end......."

 

[ghostzapper]

Quote from Pa(b)st Prime:

I'm flat the Index but short Bonds which is a de facto long in equities.

I'm certainly concerned that if the stock market can change it's profile from close on the low Friday's it can also morph away from meaningful rally Monday's.

Thanks for the comments Pabst. As it turned out, I didn't short into the close. I was on the high seas friday afternoon, w no thoughts of stocks. But, I will short into any strong opening the market has on monday or tuesday.

I loook for the S&P to trade in a range 1430-1480 in the next week. S&P 1480-85 is the ultimate sell.

 

[ghostzapper]

Quote from ghostzapper:

I loook for the S&P to trade in a range 1430-1480 in the next week. S&P 1480-85 is the ultimate sell.

Yes, targeting S&P 1480-1485 as a strong sell.

 

[ghostzapper]

Quote from ghostzapper:

I loook for the S&P to trade in a range 1430-1480 in the next week.

great call on lower end range by ghostzapper..

 

[ghostzapper]

classic thread #2

 

[Landis82]

Quote from ghostzapper:

classic thread #2

Can't you see that no one cares about your idiotic "chest-thumping" and "attention-seeking" thread of AFTER THE FACT market calls?

Of the last 12 posts, NINE of them are from you!


Once again we find you talking to yourself. Yet another symptom of your psychosis.
What a loser.