s&p just made intermediate term top @ 1326.7

Did the s&p top out @ 1326.7 ?

  • Yes, I agree

    Votes: 63 58.9%

  • No, it will go higher soon

    Votes: 30 28.0%

  • not sure

    Votes: 14 13.1%
  • Total voters
    107
Quote from thorn:

Yes. That's one of the main reasons I think it will be hit this week. Hey, we've seen too many upside biases into an expiration week. It's time to average it out. Too many upside shenanigans on the options expiration price recently. For ex. I was short April 1320 calls, and the index closed at 1311 on thursday 4/20. I'm safe right? Wrong! The next day, though the highest it traded was 1317.7, they managed to "close" it @ 1320.7 robbing me of $.7 per contract.

Next week preceeds a long, patriotic holiday weekend. There is rarely a market bashing in the days leading up to a long weekend.
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Call made before this week began. excellent call thorn!
 
Quote from krazykarl:

a very large amount of independent liquidty came into the US equity market 15 minutes ago...


edit: calling a top is still a sucker's game.


good luck all.

:cool:
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???
 
Quote from krazykarl:

ive got to say that i'm still bullish.


yesterday some $$$ was taken off the table, if there are 4 or 5 more days like that then I will turn bearish but things are still looking good.

my call is still 1330 in the next 40 days.....

good luck all :cool: :cool: :D
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????
 
Quote from Buy1Sell2:

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ahhh i c - you're calling my bullsih calls out after this decimation.

i don't know if we'll hit 1330(we came damn close though) unless the fed hints that it's going to pause at least....
 
Quote from krazykarl:

ahhh i c - you're calling my bullsih calls out after this decimation.

i don't know if we'll hit 1330(we came damn close though) unless the fed hints that it's going to pause at least....
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Just good natured fun at your expense. I'll be wrong at times too :)
 
what happened to strktdr? kk you have a sense of humor, but volente and streaky act like my kids when I drop em off at day care. At least my kids have an excuse.. Streaky's "desk" must have been repoed by rent a center!
 
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