s&p just made intermediate term top @ 1326.7

[EqtTrdr]

THORN WINS AGAIN $$$$$

 

[neophyte321]

How does an index exhibit support/resistance anyhow?

It's simply a product of a calculation, no?

I understand the psychologically in effect on one equity's price movement.

What has the greater effect? Trading in S&P futures or the constituent equities?

 

[EqtTrdr]

long live the Bird $$$

 

[thorn]

Quote from EqtTrdr:

THORN WINS AGAIN $$$$$

Many thanks. Did you really think it would be any other way?

I love the way the stooges were ready to swoop, and then got clobbered. Silence is golden!

Like I said, resistance 1280-1290. Thanks for showing everyone my golden post, bozo.

Quote from volente_00:

08-03-06 04:22 PM (quote from Thorn):

And a sub-premise is that I see resistance between 1280-1290.

 

[thorn]

Quote from William Rennick:

Hang in there Birdy, day's not over. If the Market goes down breathe a sigh of relief, if it keeps going higher I'll fire up the pot of tar...

Finally, finally rendick makes a market related "call", and it's not a bad one at that.

 

[volente_00]

You got lucky thorn, but either you had no position like you claim or you spent all day underwater on a 1280 short. We still will see 1300 in August so I suggest you move your resistance prediction before it it too late. Had a great day myself.

Quote from volente_00:

reshorted at 1297,
2 point stop for JJ.

 

[thorn]

Quote from volente_00:

Had a great day myself.

Now tell us the one about Goldilocks and the 3 bears.

Thorns best call of all:

Quote from thorn:

I hear you on questioning bozo's credibility, but is there really a point to having any honest conversation with the clown? You know he's made multiple predictions covering all bases, spaced out all over ET, so he'll always be able to pull a quote out his arse. There are only 2 directions, up and down, and believe me, he's got multiple quotes to back both sides.

 

[volente_00]

There once was a bear, who only knew how to short, which worked ok sometimes , but he let his ego get to him, and it blew him up so he changed his alias 4 different times on ET as he shorted from 1150 up to 1326. The end.



Judging from your response, you must have sat on dead money all day long. Next I predict..... Thorn sees massive resistance at 1300-1310.

 

[volente_00]

Quote from thorn:

OK good. So you know now I don't trade es, didn't even know what it was until someone on this site told me.

How would a hedge fund manager not know what ES is ?

 

[romik]

Quote from volente_00:

How would a hedge fund manager not know what ES is ?

yes, I thought that was a strange statement, considering.