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
BS = last hour = Smart money. Hmmm

Quote from Pa(b)st Prime:

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.
 
Quote from MKTrader:

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.

The last I heard 1987 was ALSO a pre-election year. The August high from '87 held for the next 4 years.
 
Quote from MKTrader:

If you define intermediate as 4 months, you have a very low-probability bet going there....

Yes ! You are correct, when I made this call w S&P @ 1536 there was a VERY LOW probability of the prediction being right. Maybe 5%. That's the beauty of this call.
August 1575 calls were trading @ $10 ( that shows major premium).
4 months is an eternity in the stock market.

But alas, i make my living out of finding what the public assesses as "low probability", when I see it to be "higher probability". And I capitalize on the inefficiency. I've been doing it perfectly for 11+ years.

What do you think is the current probability of this thread being correct for 4 months? Maybe 30-40%. Alot of premium just went my way.

Take that to the bank amigo.
 
Quote from ghostzapper:

But alas, i make my living out of finding what the public assesses as "low probability", when I see it to be "higher probability". And I capitalize on the inefficiency. I've been doing it perfectly for 11+ years.

Yeah, and he has an audited track "record" that he will be more than happy to show you . . .
It's somewhere in a file folder, stuck between his bottles of haldol and thorazine at Bellevue Hospital, in NYC.

He doesn't get many visitors there.
But the little men in white uniforms do infact allow him an Internet connection to the "outside" World. The really neat thing about it is that his imaginary "banker" lets him sell as many out of the money calls on the S&P as he wants, and he doesn't even have to put up any margin money.

:D
 
Quote from Landis82:

Yeah, and he has an audited track "record" that he will be more than happy to show you . . .
It's somewhere in a file folder, stuck between his bottles of haldol and thorazine at Bellevue Hospital, in NYC.

He doesn't get many visitors there.
But the little men in white uniforms do infact allow him an Internet connection to the "outside" World. The really neat thing about it is that his imaginary "banker" lets him sell as many out of the money calls on the S&P as he wants, and he doesn't even have to put up any margin money.
Sounds like baron should be expecting another saturday night phone call from waggie / landis /apex capital anytime now ..history always repeats itself.

call will go something like this , "waaaaah, i'm soo jealous of ghostzapper and all his thread views. No one will look at my eliot wave threads w him on this board. waaah! please ban him !"
 
posted on monday..it's now raining $$..

Quote from ghostzapper:

I still believe that 1555.9 is a meaningful top.
shorting selective stocks, being careful..
taking profits when i can , so call me the anti-smurfer.
 
Quote from Landis82:

Yeah, and he has an audited track "record" that he will be more than happy to show you . . .
It's somewhere in a file folder, stuck between his bottles of haldol and thorazine at Bellevue Hospital, in NYC.He doesn't get many visitors there.But the little men in white uniforms do infact allow him an Internet connection to the "outside" World. The really neat thing about it is that his imaginary "banker" lets him sell as many out of the money calls on the S&P as he wants, and he doesn't even have to put up any margin money.

Blah blah, I guess you can't say 'even pabst thinks so...wahhh" anymore.

Didn't you feel stupid trying to make a point by using someone else's name ?
Is this the way you stand up for yourself ??
 
Quote from volente_00:

Congrats yapper, after shorting every rally since 1150 you finally got one right.


:D

You know what they say . . .
Even a broken clock is right twice a day.
 
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