S&P has topped for 2006

Has the s&p topped for 2006 ?

  • Yes it has

    Votes: 46 26.1%

  • No, it will go higher than 1390 in 2006

    Votes: 83 47.2%

  • I don't know / go away Thorn

    Votes: 47 26.7%
  • Total voters
    176
LOl. Cool Satch. Pabst is resting in peace. He's still short though and about to get a lot shorter....
Quote from satchel:

not going anywhere without this bad boy - last time we came close to the 50 we went up for 7 days...
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1251296>
More...
 
Quote from satchel:

not going anywhere without this bad boy - last time we came close to the 50 we went up for 7 days...
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1251296>
More...

I didn't say anything about the VIX..
 
Quote from satchel:

not going anywhere without this bad boy - last time we came close to the 50 we went up for 7 days...
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1251296>
More...

this chart looks to be going higher to me.
 
Quote from volente_00:

Oh great, another after the fact top call after we fell 20+ points.
Where were you at 1390 ?
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only a bozo would call a top before it has some formation.

and if its sooo "after the fact", why are the Dec 1390 calls trading in double digits?
 
Quote from thorn:

That's right. The s&p has already topped out for the year.
The s&p will not see 1390 in 2006.
Take it to the bank.
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You very well may be correct. The indicators I use are always a "little late" to call the exact top, but soon enough to get out before a major fall. Right now they don't agree with you. When and if they do, I will post here.
 
Quote from thorn:

only a bozo would call a top before it has some formation.

and if its sooo "after the fact", why are the Dec 1390 calls trading in double digits?
More...





That never stopped you before when you called tops at 1180 and 1240. But I did not expect anything less from you than to call a top at 1390 when the market is at 1367.
 
economic numbers today didnt look so good. market now below 12k. Think many will wait for tomorrows job numbers before investing any new money into this market. IF we trade back back in the green today I will be suprised. Any weak job numbers and this market is going to drop hard tomorrow especially if we get what we got last month, which was around 50,000.
 
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