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 Landis82:

Can't you see that no one cares about your idiotic "chest-thumping" and "attention-seeking" thread of AFTER THE FACT market calls?
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I started this thread w S&P @ 1536.

So I don't think you'll find anyone buying that this thread was after the fact.
Jealousy hurts like a bitch waggie/landis/apexcapital/coinz/tuderjones/sisepeude !
 
Quote from ghostzapper:

I started this thread w S&P @ 1536.

So I don't think you'll find anyone buying that this thread was after the fact.
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You started your thread nearly 20 POINTS AFTER THE SPX had already Topped!!!

What is it about "after the fact" that you are unable to understand?

You obviously have a great deal of difficulty with English Reading & Comprehension.
May I suggest an ESL course?
Do they offer that at Bellevue Hospital?
:p
 
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.
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Recognizing that “What is – is” and that everything in the future is a wild ass guess, then I consider and guess:

1. The S&P 500 Bullish Percent Index is now in a column of O’s at the 48% box. This is a point and figure based chart having a range of from 0 to 100%, that measures all the S&P500 stocks that are on a point and figure buy signal. This chart has pulled back to the 48% box six times since mid-2004, and then reversed back up each time. However, if you go back to 2002, it managed to get all the way down to the 12% box; which means that only 60 of the 500 stocks were on a buy signal; and

2. The S&P500 point and figure chart’s last bearish price objective was 1330. This price objective was negated when the chart reversed back up and gave a buy signal at 1480. Then, an ominous chart pattern at market tops called a “High Pole” occurred. (A high pole occurs when a column of X’s exceeds the previous column of X’s by at least 3 boxes, and then reverses down in the next column of O’s more than 50% of the previous column of X’s). The long and short of it is a 1st bearish price objective of 1330 and the 2nd bearish price objective of 1220.

http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P

3. My S&P500 pivot point swing chart has a negative trend, and a first bearish price objective of 1361, and a 2nd bearish price objective of 1297.

Summary:

-If the S&P500 P&F chart goes down one more box, and one box only, and then reverses up, it’s a classic P&F Bear Trap signal. A bear trap P&F signal requires a triple bottom and reversal up as I described. They are very telling signals, even at these beginning thrust run-downs. If in fact it reverses back up, along with the Bullish Percent chart, then a continued summer rally would not be at all surprising.

-BUT, if the charts reverse below that one box, then there’s minimal support at 1330 and stronger support at the 1370/1380 area. If they break below that, then my price objectives become a real possibility.

Again, just my WAG.

Chuck
 
Quote from CWU:

Recognizing that “What is – is” and that everything in the future is a wild ass guess, then I consider and guess:

1. The S&P 500 Bullish Percent Index is now in a column of O’s at the 48% box. This is a point and figure based chart having a range of from 0 to 100%, that measures all the S&P500 stocks that are on a point and figure buy signal. This chart has pulled back to the 48% box six times since mid-2004, and then reversed back up each time. However, if you go back to 2002, it managed to get all the way down to the 12% box; which means that only 60 of the 500 stocks were on a buy signal; and

2. The S&P500 point and figure chart’s last bearish price objective was 1330. This price objective was negated when the chart reversed back up and gave a buy signal at 1480. Then, an ominous chart pattern at market tops called a “High Pole” occurred. (A high pole occurs when a column of X’s exceeds the previous column of X’s by at least 3 boxes, and then reverses down in the next column of O’s more than 50% of the previous column of X’s). The long and short of it is a 1st bearish price objective of 1330 and the 2nd bearish price objective of 1220.

http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P

3. My S&P500 pivot point swing chart has a negative trend, and a first bearish price objective of 1361, and a 2nd bearish price objective of 1297.

Summary:

-If the S&P500 P&F chart goes down one more box, and one box only, and then reverses up, it’s a classic P&F Bear Trap signal. A bear trap P&F signal requires a triple bottom and reversal up as I described. They are very telling signals, even at these beginning thrust run-downs. If in fact it reverses back up, along with the Bullish Percent chart, then a continued summer rally would not be at all surprising.

-BUT, if the charts reverse below that one box, then there’s minimal support at 1330 and stronger support at the 1370/1380 area. If they break below that, then my price objectives become a real possibility.

Again, just my WAG.
More...
Interesting. Thanks for the input. its refreshing to read something of substance from a real trader,
and not from the usual maggot and piker (landis, volente)
 
Quote from CWU:

Recognizing that “What is – is” and that everything in the future is a wild ass guess, then I consider and guess:

1. The S&P 500 Bullish Percent Index is now in a column of O’s at the 48% box. This is a point and figure based chart having a range of from 0 to 100%, that measures all the S&P500 stocks that are on a point and figure buy signal. This chart has pulled back to the 48% box six times since mid-2004, and then reversed back up each time. However, if you go back to 2002, it managed to get all the way down to the 12% box; which means that only 60 of the 500 stocks were on a buy signal; and

2. The S&P500 point and figure chart’s last bearish price objective was 1330. This price objective was negated when the chart reversed back up and gave a buy signal at 1480. Then, an ominous chart pattern at market tops called a “High Pole” occurred. (A high pole occurs when a column of X’s exceeds the previous column of X’s by at least 3 boxes, and then reverses down in the next column of O’s more than 50% of the previous column of X’s). The long and short of it is a 1st bearish price objective of 1330 and the 2nd bearish price objective of 1220.

http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P

3. My S&P500 pivot point swing chart has a negative trend, and a first bearish price objective of 1361, and a 2nd bearish price objective of 1297.

Summary:

-If the S&P500 P&F chart goes down one more box, and one box only, and then reverses up, it’s a classic P&F Bear Trap signal. A bear trap P&F signal requires a triple bottom and reversal up as I described. They are very telling signals, even at these beginning thrust run-downs. If in fact it reverses back up, along with the Bullish Percent chart, then a continued summer rally would not be at all surprising.

-BUT, if the charts reverse below that one box, then there’s minimal support at 1330 and stronger support at the 1370/1380 area. If they break below that, then my price objectives become a real possibility.

Again, just my WAG.

Chuck
More...

For whatever reason, the correct P&F chart did not post, nor did my swing chart. I'll try once more.

http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P
 
Quote from Landis82:

You started your thread nearly 20 POINTS AFTER THE SPX had already Topped!!!
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Yes thank you landis/waggie/sisepeude for time-stamping that I was within 20 points of the exact top (S&P @ 1536) when I made this great call !
 
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