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 thorn:

lil duckling, i like you, but you have alot to learn my friend.
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yeah but....... not in this case. So far my stance in this mkt has been dead on...... like when the DOW rallied over 200 pts the very next business day after i stated it was about to spank the bears.

It is uncanny how accurate my reading of this mkt has been.... and i am not going into other web sites or services for any feedback!!!

Yet no one pays attention to my calls:(

So how about it thorn?? Maybe you can throw a nibblet my way?:confused:
 
Quote from lilduckling:

by beak is getting tired of trying to drill into you all what this mkt is doing and is going to keep on doing for a while longer... and that is up, up, UP!

A pull back now is a good buying opportunity.... and its the only logical way to play this mkt. Its the way its been done for hundreds of years... because in the overall longrun it works best...... instead of guessing where the exact top or bottom is.

Some of you have a problem seeing the forest behind the tree.... because if you climbed up on a table would would see that we are on an uptrend..... and you dont short uptrends at the tops.... you short downtrends at the tops..... you buy the dips on an uptrend.

But hey its your $$...... do what ever you want.

Mother mkt is telling the bears to go fetch a hickory stick.......


:cool:
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ahhh ..... the sound of $$$ marching in.... :cool: :cool: :cool:
 
Quote from Rearden Metal:

Yes, I still disagree.
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Excellent call RM, you were right, I was wrong. I'm out completely now. Congrats to all who thought the s&p could break 1390.
 
Quote from volente_00:

Give Thorn a break, he is short 1390 calls from the 1388 area but he has premium on his side. Worst case is he breaks even on the trade by Friday's close.
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Thanks Bozo, but i got to call it like it is. I made money on the premium erosion..but not today. Today I lo$t. and I have no appetite to let the s&p run to friday morning. so I lost, covered in entirety, and humbly move on.
 
Quote from volente_00:

Give Thorn a break, he is short 1390 calls from the 1388 area but he has premium on his side. Worst case is he breaks even on the trade by Friday's close.
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I thought you left? :cool: :D
 
I think SP is done for a while...
I do these 5 day sma forecasts channel Prediction Interval..
Should be around these at dates given


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1265935>
 

Attachments

Quote from thorn:

now you may return.
but since you already came back 3 weeks ago, now take those 3 weeks off to keep your integrity intact.
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For what reason ? You said to short the DOW at 12k because that was a top.
 
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