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 CPTrader:

I am no fan of all this top calling....but in fairness thorn has had SEVERAL accurate calls.
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Many thanks CPTrader for being one of the very few honorable people on this site who can make an honest assessment without letting jealousy taint his few. Kudos to you for speaking your mind.
 
Quote from frank grimes:

Krazykarl it is time to give Thorn the props he deserves. There are very few "Parma" bears on this site. You said you have traded for the grand total of 1 year. There are more of me around who have traded for 15+ years. Everyone here thinks money is made in bull mkts..Wrong..The fastest and biggest money is made right now. I troll, but don't post too much anymore because of the long only crowd..Face it, we are in a secular bear mkt. period.
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agreed. and that's 1.5 years thank you! :cool:


as i have in a post up there ^ I wanted to know what indicators he used to call the top and the change in trend. Just a few days of the S&P not being able to break through a resistence metric? There has to be more then that.
 
Quote from frank grimes:

Everyone here thinks money is made in bull mkts..Wrong..The fastest and biggest money is made right now. I troll, but don't post too much anymore because of the long only crowd..Face it, we are in a secular bear mkt. period.
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Well said Frank.

But I think you're being kind referring to this crowd as "long only". I would call them "clowns, newbies and the mentally challenged"
 
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.
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At this point, I can confidently assert that the beginning of this thread marked the top and end of the 3 year bull run.
 
Quote from Thorn: "At this point, I can confidently assert that the beginning of this thread marked the top and end of the 3 year bull run."

So, according to your analysis, we are heading down for the next several years?
 
Quote from thorn:

At this point, I can confidently assert that the beginning of this thread marked the top and end of the 3 year bull run.
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Close your beak Rubberbird, THE AVERAGES WILL CLOSE NEAR CURRENTS LEVELS ( dow + 16 at 2:35 pm New York)

THE AMAZING RENNICK HAS SPOKEN
 
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