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 volente_00:

thorny they are coming for the calls !
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Hmm, maybe you should have invested your trailor money in high school english classes. I posted this a few days ago in real time, on this thread. This call was not buried in an obscure thread elsewhere, thats your thang.

Quote from thorn:

covered the whole lot at an average price of $.30
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bozo, you must live an ugly life. And now you go after one of the most respected traders ever to post on ET (Rearden Metal)? You are a loooser.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1201034#post1201034
 
Quote from thorn:

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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This thread is alive and well until the s&p breaks through 1326.7
 
Quote from Buy1Sell2:

Thorn's call on the cash index top is still valid unless it is taken out during the "many" months that it was originally predicted for. So, in summary, Thorn's call, while very good, may end up falling due to the usage of the word "many" instead of "several" when indicating the number of months that it would be good for. "Many" is a word used generally to describe eighteen, so the call has fourteen months to go. :)
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Man, tough crowd! 18 months is two lifetimes for the stock market. In any event, I apologize if it wasn't obvious that I meant a few months.

Anyway, I challenge anyone on ET to make a top call that lasts 4 months like this one did. It ain't as easy as I made it look.
 
Quote from thorn:

Man, tough crowd! 18 months is two lifetimes for the stock market. In any event, I apologize if it wasn't obvious that I meant a few months.

Anyway, I challenge anyone on ET to make a top call that lasts 4 months like this one did. It ain't as easy as I made it look.
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Your call was very good. I am just having some fun with the semantics.:)

Here is a call by me that has held up for seven months and was called well prior to the first run at 1325.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=63752&perpage=6&pagenumber=1
 
Quote from Buy1Sell2:

Your call was very good. I am just having some fun with the semantics.:)

Here is a call by me that has held up for seven months and was called well prior to the first run at 1325.
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I know, i'm just having fun with ya. I appreciate any posts you make here, you know that. All i'm saying is that when you call for an "intermediate term" top, where you feel a top just formed that will last many (oh here we go again, I mean 3-4 months), it's very risky business. Odds are heavily against you that you'll be right if only because you are making a statement that is suppose to last months, which is an eternity for the stock market.

Any bozo can make short term calls. I challenge anyone on here to start a thread and call an "intermediate" term top, within 20 points of the peak.
 
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