Thorn: Do you still think that SP will not close above 1280-90 in August? I think that the SP might go down to 1260, but not lower than that in the next few months. The market looks like it is ready for another move up from here.
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s&p just made intermediate term top @ 1326.7
- Thread starter thorn
- Start date
volente_00
Registered: Nov 2002
Posts: 2636
08-03-06 11:40 PM
FWIW current month Spy options indicates a range 1270-1300.
We are at the bottom of the range, so what do you say thorn ?
Still going to 1200 ?
Registered: Nov 2002
Posts: 2636
08-03-06 11:40 PM
FWIW current month Spy options indicates a range 1270-1300.
We are at the bottom of the range, so what do you say thorn ?
Still going to 1200 ?
Is that the best excuse you have ? Es does 3 times as much volume as spoos, the pit has grown smaller over the years, surely a hedge fund manager would question where the players have been going.
I still await your answer to the never being wrong on the call of resistance at 1265-1270.
I still await your answer to the never being wrong on the call of resistance at 1265-1270.
Quote from eminitrader007:
Thorn: Do you still think that SP will not close above 1280-90 in August? I think that the SP might go down to 1260, but not lower than that in the next few months. The market looks like it is ready for another move up from here.
Hi Emini! I do not think the s&p will be able to climb above 1280-1290. It has already proven to be formidable resistance. I disagree with you that the market looks like it's ready for another move up from here. Until the market shows me it can bust through 1280-1290, the bias is to the downside, in my opinion. Thanks for the question.
Quote from thorn:
Thorn is never wrong. 1265-1270 is massive resistance.
thorn
Registered: Apr 2006
Posts: 307
06-16-06 02:18 PM
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Quote from thorn:
With the s&p closing @ 1256, let thorn be the first to stand down this market and say that this rally is close to running out of gas. 1265-1275 is a very safe selling range. But I will wait til monday morning to initiate sales.
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Thorn is never wrong. 1265-1270 is massive resistance.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=68940&perpage=6&pagenumber=33
First it was 1256, then 1265- to 1270, then 1280, now 1280 -1290.
How many massive resistances you going to predict as we move back over 1300 ?
Speaking of jokes, futures point to an opening above 1280.
Is 1280 higher than 1270 ?
Is 1280 higher than 1270 ?
Quote from thorn:
I can make jokes too, rendick.
Problem is Rennick was not joking, take some of those 10 figures and hire a spelling tutor.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1154151&highlight=ascrow#post1154151