s&p just made intermediate term top @ 1326.7

[thorn]

Intermediate = as in many months.

the s&p has been unable to bust thru 1326.7 in recent days, and now has sold off abit. I say that 1326.7 marks massive resistance now.

 

[krazykarl]

Quote from thorn:

Intermediate = as in many months.

the s&p has been unable to bust thru 1326.7 in recent days, and now has sold off abit. I say that 1326.7 marks massive resistance now.

4 weeks ago the unbelievable resistence was at 1315.

this is profit taking. relax and treat it as an entry point.

 

[coolweb]

Quote from krazykarl:

4 weeks ago the unbelievable resistence was at 1315.

this is profit taking. relax and treat it as an entry point.

Have you checked whats backing up S&P ?
How are they doing?

Do you know?

S&P isn't just an imaginary number, its an index.

 

[stktrdr]

the might thorn has returned with another bearish prognostication!

Must be time to buy again...

 

[krazykarl]

Quote from coolweb:

Have you checked whats backing up S&P ?
How are they doing?

Do you know?

S&P isn't just an imaginary number, its an index.

no, i don't know.

i don't trade the s&p. my sectors are doing well.(industrial metals and commodities.)


there is always a bear market and there is always a bull market. bad day if you trade the "broad" market, but i'm doing fine.(check ATI, TIE, aauk, zolt.)

 

[volente_00]

Quote from thorn:

Intermediate = as in many months.

the s&p has been unable to bust thru 1326.7 in recent days, and now has sold off abit. I say that 1326.7 marks massive resistance now.

Any reason you are making this prediction 2 days late after the spoos already sold off 20+ points ?

 

[der_kommissar]

Quote from volente_00:

Any reason you are making this prediction 2 days late after the spoos already sold off 20+ points ?

The same reason you remind everyone of your bullshit calls on up days. The pendulum swings both ways dimwit.

 

[volente_00]

Except my calls come when the index is actually trading at the same level as my prediction on the same day.


This nonsense is like me posting today that the s&P made a bottom at 1256 when it is is trading at 1305 today.

 

[neophyte321]

any predictions for tomorrow? I bought some SPY puts
at 131.50. Wondering if I should hold after hours.

 

[stktrdr]

Quote from neophyte321:

any predictions for tomorrow? I bought some SPY puts
at 131.50.

my humble prediction is that you will lose money