s&p just made intermediate term top @ 1326.7

[volente_00]

Hey perma bear, here is my challenge, I do not think you can trade both ways like you claim. Lets see you nail some bottoms instead of just tops. Hell if I can do it, surely anyone can.



http://www.elitetrader.com/vb/showthread.php?s=&threadid=70912&perpage=6&pagenumber=20

 

[Eliot Hosewater]

So far the original call (1326.7 top) is still holding.

My feeling, based on the fortune cookie* I got at the Chinese restaurant tonight, is that even if the Fed pauses next week, we still won't see 1326. Maybe a short rally then down some more.

(*) The fortune was "Your luck just changed". I thought my luck has been pretty good lately. Oh well.

 

[thorn]

Quote from Eliot Hosewater:

So far the original call (1326.7 top) is still holding.

Thank you, mr. Hosewater. I'm glad that on this message board of 50,000+ traders, at least one recognizes that the original premise of this thread still holds 3 months later.

 

[nonlinear5]

1280 was just taken out as if it was just another number. I didn't see any resistance at all, at least very short term.

 

[krazykarl]

Quote from nonlinear5:

1280 was just taken out as if it was just another number. I didn't see any resistance at all, at least very short term.

we need to close over 1280 a few times to reverse this 3-month downdraft....

 

[thorn]

Quote from nonlinear5:

1280 was just taken out as if it was just another number. I didn't see any resistance at all, at least very short term.

Congratulations for uttering one of the most biased, stupid posts of all time. As I type this, the s&p has made a high of 1280.4, and has since eased to around 1280. If that's what you consider "was just taken out as if it was just another number", you need mental help fast.

Maybe the s&p will go higher. I have no positions now, so I don't care.

I would be surprised, though, if it broke 1326.7.

 

[thorn]

Quote from volente_00:

Funny that you quoted thorn whom I have on ignore.

posted on 5/29 by bozo. Is it any wonder a vast majority of ET members voted that bozo has absolutely, positively zero credibility on ET.

 

[krazykarl]

Quote from thorn:

Congratulations for uttering one of the most biased, stupid posts of all time. As I type this, the s&p has made a high of 1280.4, and has since eased to around 1280. If that's what you consider "was just taken out as if it was just another number", you need mental help fast.

Maybe the s&p will go higher. I have no positions now, so I don't care.

I would be surprised, though, if it broke 1326.7.

there is some conviction building to the upside...

 

[thorn]

Quote from krazykarl:

there is some conviction building to the upside...

I agree. And I agree with my pocketbook. I said I have no positions.

 

[thorn]

Quote from thorn:

The s&p is at the upper end of its range, and thorn sees massive resistance around 1280-1290.