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
Quote from Rearden Metal:

Thorn, it's 10:18 AM, Nov. 10th. Spooz down -300.

I highly respect your talent, but I strongly believe you're WRONG on this trade. I'm long heavy here right now, and urging you to cover for your own good.
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Do you think he will cover because you are long?
 
Quote from Rearden Metal:

I don't know, but if anyone can influence thorn's opinion, it would be me.
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So you are more right than he is in that case? What makes you believe that his call is wrong? I am interested in your reasoning, not that Thorn provided any.
 
Quote from romik:

So you are more right than he is in that case? What makes you believe that his call is wrong? I am interested in your reasoning, not that Thorn provided any.
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I don't know who is right/wrong, yet. Just think it is premature for Thorn to claim victory, ala the unfamous "mission accomplished".
 
Quote from romik:

So you are more right than he is in that case? What makes you believe that his call is wrong? I am interested in your reasoning, not that Thorn provided any.
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Sorry, I'd rather not get into it.

BTW, my trade is meant as a quick hit.
I will be out of most to all of it by the end of the day.

(I'm saying this so certain individuals won't permanently 'marry' me to this long SPY position, and comment about how much I'm getting 'beat up' if the spooz drop next month.)
 
Quote from Rearden Metal:

Sorry, I'd rather not get into it.

BTW, my trade is meant as a quick hit.
I will be out of most to all of it by the end of the day.

(I'm saying this so certain individuals won't permanently 'marry' me to this long SPY position, and comment about how much I'm getting 'beat up' if the spooz drop next month.)
More...

no problem
 
Quote from Rearden Metal:

Thorn, it's 10:18 AM, Nov. 10th. Spooz down -300.

I highly respect your talent, but I strongly believe you're WRONG on this trade. I'm long heavy here right now, and urging you to cover for your own good.
More...
Interesting. Thus far, I had 2 short setups that made a bit of money. I only use a 1-minute chart. However, upon reading your above quoted post, I looked at a few other time frames. I know you are a far better trader than I am, but I cannot for the life of me see what makes today notably bullish. (Because it bounced off recent daily lows?) In any event, I'm not much of a visionary. I just go from one setup to the next. If I get a long one, I'll be sure to give it due consideration. :)
 
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