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
At this time, I will remove myself from discussion in this thread. I was hoping to see an annotated chart from the OP to show the double top formation and analysis, but unfortunately we did not get to see one. We need to understand what Thorn's reasons are so that we can intelligently evaluate. If the time comes that a chart with analysis is presented by Thorn, I will then take a look at chiming back in. Thank you for your time. :)
 
Quote from Buy1Sell2:

At this time, I will remove myself from discussion in this thread. I was hoping to see an annotated chart from the OP to show the double top formation and analysis, but unfortunately we did not get to see one. We need to understand what Thorn's reasons are so that we can intelligently evaluate. If the time comes that a chart with analysis is presented by Thorn, I will then take a look at chiming back in. Thank you for your time. :)
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agreed
 
Quote from Buy1Sell2:

At this time, I will remove myself from discussion in this thread. I was hoping to see an annotated chart from the OP to show the double top formation and analysis, but unfortunately we did not get to see one. We need to understand what Thorn's reasons are so that we can intelligently evaluate. If the time comes that a chart with analysis is presented by Thorn, I will then take a look at chiming back in. Thank you for your time. :)
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you should be able to see quite easily what he is refering to if you simply look at a 60 minute for the past 20 days. it's failed 4 times now to break 1390 ... strike that, the 4th time hasn't happened, (yet?)

If this holds, using 1390 as a stopping point would be a very good call IMHO, which becomes more apparent if you look at a weekly chart for a few years. (or maybe just lucky, ;) )

personally, I'm betting on higher highs, ... I'm not clairvoyant, I can only follow the trend until it fails
 
Quote from Buy1Sell2:

At this time, I will remove myself from discussion in this thread. I was hoping to see an annotated chart from the OP to show the double top formation and analysis, but unfortunately we did not get to see one. We need to understand what Thorn's reasons are so that we can intelligently evaluate. If the time comes that a chart with analysis is presented by Thorn, I will then take a look at chiming back in. Thank you for your time. :)
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I have no chart for you. sorry. i don't cut and paste.
 
Thorn get's to be right this week, but probably not the end of the year call. Trans is hitting some resist and the INDU is dead.


And op ex, down into this op expiry imo, or at least an attempt to flush.
 
i think we see 1425 by year end and dow 12,500 ish and a nice 15-20% hit early next year. a market that looks invinsible now will be reeling with a recession staring at it. all will wonder hey the news hasn't changed but what will have changed is the reality the recession is here. but for now all thats insignificant and i've been 200% long for 7 weeks on a large portfolio and i won't sell 1 share till mid dec as this is safer than a cd to be long here.
 
From your name, it seems you like to short stocks.

:D


Quote from Buy1Sell2:

At this time, I will remove myself from discussion in this thread. I was hoping to see an annotated chart from the OP to show the double top formation and analysis, but unfortunately we did not get to see one. We need to understand what Thorn's reasons are so that we can intelligently evaluate. If the time comes that a chart with analysis is presented by Thorn, I will then take a look at chiming back in. Thank you for your time. :)
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Quote from Rearden Metal:

This market hasn't topped yet.

Sorry thorn, but I see quite a bit more upside in the very near future. Nov 1390 calls will not expire worthless.
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excellent work RM, i'm not convinced any more like i was. Thanks for being aggressive in getting the point home to me! I have lightened my position by 80%. currently only have premium profits and risk. s&p has hung around here too long for my taste, so i agree that my position isn't worth it at this moment. there will be a better day ahead (soon) to be short, i can wait.

whatever rally the s&p can muster now, if it can, will be on very shaky legs. I look for any top to be followed by a minimum 5% correction.
 
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