s&p just made intermediate term top @ 1431.8

[Wayne Gibbous]

ETers, helping each other...


With hard work you may yet be a functioning adult, useful to society.

http://www.nlm.nih.gov/medlineplus/ency/article/001523.htm


Just bustin' yer balls, thorny!

 

[nonlinear5]

Quote from thorn:
I watched "scent of a woman" the other night. Do you know what S&P 500 futures are?

Ah, yes, the HBO documentary "500 Sluts 'n Prostitutes". I watched it the other night. Here is my favorite quote from this flick: "Napalm, son. Nothing else in the world smells like that. I love the smell of napalm in the morning."

How about "Russell 2000"? That's another good one.

 

[apex82]

Quote from ProfLogic:

A Traders similar sticker should say, "Price Happens". Price just oscillates, it isn't predictable.


You have got to be kidding me.... Why the hell would I wake up at 4:30am 5 days a week and work my ass off day in and day out making $$ if price wasnt predictable..... funny shit Proflogic.

 

[ZeroSigma]

Quote from thorn:
and it won't see that level for the entire 1st quarter of 2007.

Dr. Hussman does not trust the raging bull either: "Overvalued, overbought, and overbullish conditions have generally resulted in disappointing market returns, regardless of other features of market action. Yet the past several weeks have quietly added a new ingredient: Treasury Bill yields are now higher than they were 6 months ago, and Treasury yields of all maturities have popped higher in recent weeks. While this might seem like a trivial and low-magnitude event, it actually contributes to a syndrome that has invariably been negative for near-term market outcomes (not to mention the negative long-term results that overvalued market conditions have historically produced)."

See: http://usmarket.seekingalpha.com/article/24292 or the overbloated version: http://hussmanfunds.com/wmc/wmc070115.htm

 

[romik]

Quote from apex82:

Quote from ProfLogic:

A Traders similar sticker should say, "Price Happens". Price just oscillates, it isn't predictable.


You have got to be kidding me.... Why the hell would I wake up at 4:30am 5 days a week and work my ass off day in and day out making $$ if price wasnt predictable..... funny shit Proflogic.

According to L. Melamed some people have a born ability to see logic in price oscillation, others don't. Of all people, he should know.

 

[volente_00]

Quote from Rearden Metal:

Thorn, you know what my biggest trading weakness is?

Your ego

Quote from Rearden Metal:

Oct. crude now trading $63.73

That's a short term bottom. I see the future.

"Oil dropped more than $1 after the Saudi oil minister's remarks, with U.S. crude sinking to a fresh 19-month low of $51.35 "

 

[volente_00]

Quote from thorn:

for all the Thorn fans:

Thorn puts the chances of a market tumble at 75% starting tomorrow. You've been warned.

At time the above posting ES was trading at 1436.75 bid 1437 ask, notice what happens after mr contrarian opens his mouth. Now if I had only known to fade iron metals long oil at $63 call.



http://quotes.ino.com/chart/?s=CME_ES.H07.E&v=i



THANKS BIRD FOR THE EASY FADE MONEY AND DON'T STOP GIVING ME THESE FREE SIGNALS!

 

[volente_00]

Quote from thorn:


Do you know what S&P 500 futures are?

LOL, yea they are called ES and the managers I know all know what ES is as they use it too hedge when the pit is closed. But in fantasy land trading there is no need to hedge as you call 25 of the last 0 tops on the way from 1130 to 1430.

 

[TrendSailor]

Quote from thorn:

the maggots are out in force tonite.
And t's an all star line-up! mavedick, bozente and nonsense5.
what did i do to deserve this dredge?

it was/is 1% to 5% that this is an intermediate term top that will last thru 3/31/07.

it's 75% chance of a tumble in the upcoming days.

I guess I am joining the maggot pile too. You my friend are clueless. This is one of the hottest bull runs ever. Put your money where your mouth is and short the SPX and show us your trading log to prove it. I had to close out a SPX credit spread option I was short on since it was 15 points TOO close to the horns of this bull. The only tumble we are likely to see is 1-2% and that won't last long. Why you ask? Simply because there is so much friggin wealth in circulation in the form of excess global liquidity that all that cash is looking for a home and yield. There is no place on the planet to get a high yield right now (unless you like safe Treasuries for 4.5% haha). This means that cash MUST flow into equities and discounted cash flows. And at current low S&P valuations and dividend rates we still have a bargain compared to bonds.

QED - people would rather make 9% conservatively with tolerable risk and some volatility than make 4.5% and have that eaten alive by inflation & currency risks and concerns.

My advise - change your handle/name and start over.
TS

 

[thorn]

Quote from volente_00:

You are $ thornybird. , you stated that there is a 75% chance we fall tomorrow as ES is trading at 1436.75 bid and 1437 ask and I took a long at 1437.

great trade bozo!