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

Did the S&P make an intermediate top @ 1555.9 ?

  • Yes I agree

    Votes: 49 40.8%
  • No, I don't agree

    Votes: 41 34.2%
  • I don't know / I don't care

    Votes: 30 25.0%

  • Total voters
    120
Quote from ghostzapper:

The S&P has had it ! It failed this week.
It only made a high of 1555.9 and that's an intermediate term top.

Take it to the bank.
The S&P will not trade above that level for the next 4 months.
It's going lower baby.

nice call man, but you got to give me this one though, this may have been the greatet of all time, originated from the start of your original top call, and it was EXACT, including the CNBC element.


http://www.elitetrader.com/vb/showthread.php?s=&postid=1497791#post1497791
 
Quote from ghostzapper:

The S&P has had it ! It failed this week.
It only made a high of 1555.9 and that's an intermediate term top.

Take it to the bank.
The S&P will not trade above that level for the next 4 months.
It's going lower baby.

Who took it to the bank baby ?
 
Quote from ghostzapper:

The S&P has had it ! It failed this week.
It only made a high of 1555.9 and that's an intermediate term top.

Take it to the bank.
The S&P will not trade above that level for the next 4 months.
It's going lower baby.

Ahh -- savin the best for last !
 
how's everyone makin out today ?

love to hear from the eliot waves / waggie and his S&P 1559 wave 5-3-5 target projection.

remember this # 1555.9
 
Like the moron I am I decided right before I went to sleep that I'd sell T-Notes as a "hedge" in case ES opened up above 30.

I was -17k on the day before I even got out of bed. Thanks to this BS rally in stocks as I type I'm probably barely up on the day.
 
Do you have a clue about seasonality?? The July high will hold into the late fall during a pre-election year?

If you define intermediate as 4 months, you have a very low-probability bet going there...nothing I'd take to the bank.

Quote from ghostzapper:

The S&P has had it ! It failed this week.
It only made a high of 1555.9 and that's an intermediate term top.

Take it to the bank.
The S&P will not trade above that level for the next 4 months.
It's going lower baby.

Ahh -- savin the best for last !
 
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