s&p just made intermediate term top @ 1431.8

[thorn]

Quote from dwl603:

you arent even worth wasting my time on..

you're spending an awful lot of time showing you aren't going to waste your time on me.
try not reading this thread.

 

[volente_00]

Finally making some money thornybird ?

 

[volente_00]

hey thornybird, simple question. You like to sell premium. What would your return have been for selling puts instead of calls over the past 300 point move ?

 

[ProfLogic]

Thorn, curious that you didn't respond to my posted pullbacks in the eMini S&P. :eek:

 

[Landis82]

Quote from Landis82:

Off the Jan. 10th low, you can see 5 days to the upside, and then a 3 day pullback.
Today is Day #3 of that 3 day pullback.

Market is starting to gain momentum to the upside after the completion of the 3 day pullback in the "5-3-5" sequence.

Now look for 5-8 days up from here.
The low is in for the next advance to the 1455 area.
Should be a straight shot until 1444 before any kind of substantial resistance is found.

Defense stocks ( LMT, NOC, GD, CRDN, ASEI ) continue to scream to the upside, bythe way.

 

[noddyboy]

Quote from Landis82:

Market is starting to gain momentum to the upside after the completion of the 3 day pullback in the "5-3-5" sequence.

Now look for 5-8 days up from here.
The low is in for the next advance to the 1455 area.
Should be a straight shot until 1444 before any kind of substantial resistance is found.

Defense stocks ( LMT, NOC, GD, CRDN, ASEI ) continue to scream to the upside, bythe way.

Great! Taking a cash advance on my credit card to buy more of those dips!

 

[Mvic]

What is up with the homebuilders? DR Hortons CEO said that he is not seeing any signs of recovery and believes the decline is still in early stages and they report horrible results and the sector ramps with DHI up almost 8%! All the while long term rates keep climbing.

 

[ProfLogic]

Quote from ProfLogic:

eMini S&P will now challenge 1439.25, if breach then challenge 1443.00, if that target is breached then challenge 1444.50 & 1445.00.

The top here is critical and the trading range has diminished to 1444.50 Resistance and 1412.25 Support. Still a Bull Intraday but that will start to collapse if we don't take out those tops.

 

[polpolik]

Perhaps this is a one last push to get the longs in before a huge drop in the next few months.

Quote from Mvic:

What is up with the homebuilders? DR Hortons CEO said that he is not seeing any signs of recovery and believes the decline is still in early stages and they report horrible results and the sector ramps with DHI up almost 8%! All the while long term rates keep climbing.

 

[nonlinear5]

Quote from polpolik:

Perhaps this is a one last push to get the longs in before a huge drop in the next few months.

Not before it gets to at least 1660. This is where the fair value is, 15% above from where we are right now.