Warning to thornybird
Your 1450 calls will soon be challenged.
Your 1450 calls will soon be challenged.
s&p just made intermediate term top @ 1431.8
- Thread starter thorn
- Start date
Its simply amazing how the S&P 500 does not want to go over that line. It did peak over the 1431 intraday, but has not closed over that line yet (I believe). 500 different stocks in that one index and it can simply not close above.
Yesterdayâs action reversed Mondayâs downward pattern. The close above the 1426.40 level at 1427.99 suggests that the market has begun the 5 to 8 day advance, as I mentioned the other day in explaining the "5-3-5" pattern where the "3" portion of the sequence was expected to be completed early Monday.
Today, the market must penetrate yesterday's high at 1431.33and it must close higher.
The target for the 5 to 8 day sequence is for a minimum rally toward the 1455.15 level. The extremes for this pattern suggest a rally toward the 1466.96/1474.30 could be reached.
What are you talking about. No one in this thread is selling anything except you trying to sell all that read this thread that you know that you are talking about.
I simple posted all the oscillation pullbacks (real prices & real oscillations) all the way back from June on so you and everyone else could see with their own two eyes that there is no reason . . . YET . . . to declare a top in the S&P. That isn't saying that it couldn't be setting up now, as we speak, but there was no way to know that the end of December when you started your latest rant.
I posted two days ago that price would move up to challenge 1439.25 and as I'm writing this it broke through that level. That isn't voodoo, magic or a sales pitch it is simply reading price oscillations in real time. If that is intimidating to you or if you have a problem with criticism . . . deal with it. Some people here actually post to try to help traders.
You seem to post just to get a rise out of people and be an antagonist. This is not the place. Go to a biker bar and punch the biggest guy in the bar if you like antagonizing people . . . that will cure you.
I think you are willing to look at what appeals to you and close your eyes on what you don't want to see. Were it not the case, you would be equally amazed to see that these resistance lines are too obvious and are blown up every single time as soon as they get identified as such.
I really don't want the thorn-ster to leave.
Without him and BS to kick around, how fun would this place be?
<img src="http://ichart.finance.yahoo.com/b?s=%5EGSPC"/>