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 Bitstream:

ghost you still out there?


tough junction here:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1559464>

how ou make out today bitstream, i still like the original call, i would have killed it if i wasnt such a deadbeat being killed that bad into the decision.:D
 
Quote from dwl603:

how ou make out today bitstream, i still like the original call, i would have killed it if i wasnt such a deadbeat being killed that bad into the decision.:D


received the ultimate gangbang as i got raped bidding on the rush down and sadistically kept asking for more. still, i managed to take a nice slice of the vertical move off the lows and that saved me....loads, really tons of money out there today.

yeah was spot on. what exactly happened to you? hope not on wrong side of both.

cheer on, you know your stuff, will make it back in no time.


18r
 
Quote from dwl603:

[...] i still like the original call [...]

uh, you meant mine?

if so thx..i think direction may be right but in term of timing... atrocious.

read your thread, sorry for the loss.


cheers
 
Notice how the SPX has rallied 66 handles off of the lows to trade back ABOVE 1500 in a mere 3 days and "GhostCrapper" hasn't posted once . . .

If you are wondering why that is the case, the answer is pretty simple:

HE DOESN'T TRADE FOR A LIVING.

He merely "plays" on the Internet in-between his classes at the local SUNY.

:D
 
looks like the S&P is putting in the right shoulder of the famous head and shoulders technical pattern.
A textbook example forming now on the S&P. Right shoulder looks to max out @ S&P 1505-1510.
 
I'm short index futures for the first time since covering at 1439 Sunday Night.

I'm short bonds and I think higher rates will cool stocks. I don't expect a serious retest of 1430 for several weeks but while I'm open to the notion of higher prices in stocks I agree with Romeo that the "bet" is placing shorts between 1505-1510. I made the trade this afternoon and it was the most stress free 15pts one could want. Why not again? Until proven wrong this area is to be sold........
 
Quote from ghostzapper:

looks like the S&P is putting in the right shoulder of the famous head and shoulders technical pattern.
A textbook example forming now on the S&P. Right shoulder looks to max out @ S&P 1505-1510.

A great, great call by Ghostzapper and Pabst.

Despite the S&P surging 60+ points in 3 days,
Ghostzapper told you EXACTLY where the rally would end ahead of time !
 
Quote from Pa(b)st Prime:

I'm short index futures for the first time since covering at 1439 Sunday Night.

I'm short bonds and I think higher rates will cool stocks. I don't expect a serious retest of 1430 for several weeks but while I'm open to the notion of higher prices in stocks I agree with Romeo that the "bet" is placing shorts between 1505-1510. I made the trade this afternoon and it was the most stress free 15pts one could want. Why not again? Until proven wrong this area is to be sold........

Pabst, free money on wall st !!
Sell, sell w little risk !!
I've been waiting 4 years for this action !
Up over +20% YTD, and looking for much more
 
Quote from ghostzapper:

Pabst, free money on wall st !!
Sell, sell w little risk !!
I've been waiting 4 years for this action !
Up over +20% YTD, and looking for much more

It's a good thing I sold those Spoo's bro. When Bonds were on their highs I was down quite a bit. At this moment I'm actually up on the day which is pretty nice considering my core position in Treasuries is -10k against me. :p
 
Where's the love for Ghostzapper ?

For this thread, for this call made YESTERDAY:
Quote from ghostzapper:

looks like the S&P is putting in the right shoulder of the famous head and shoulders technical pattern.
A textbook example forming now on the S&P. Right shoulder looks to max out @ S&P 1505-1510.

Ghostzapper banked +5% today, bringing his return to +25% YTD

Ghostzapper started this thread, and believed iin the premise and everything that he posted.
If you didn't follow, your loss.

follow the calls ghostzapper made throughout this thread...
and that's how Ghostzapper is +25% YTD !
 
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