s&p just made intermediate term top @ 1431.8

did the s&p make an intermediate term top @ 1431.8?

  • Yes, it will last thru 3/31/07

    Votes: 9 15.8%

  • No, it will be topped in the 1st qtr of 2007

    Votes: 32 56.1%

  • i don't know / i don't care / go away thorn

    Votes: 16 28.1%
  • Total voters
    57
Quote from Wayne Gibbous:

Geez thorny, I juz don't wantcha to leave. :(

sniff...sniff...choke...we'd all miss you sumthin terrible if you lived up to your word... :p
More...

Why would you want him to leave ? Fading him is the best damn indicator I have ever seen. Take this thread for example. He started it on dec 22 when the S&P was at 1410. I don't know how he does it but he has called 20 of the last 0 tops in this bull market ever since the S&P was at 1140.
 
Quote from thorn:

You have the right idea amigo, the s&p will not go much higher from here. I still firmly believe this will be a negative year for the s&p. take it to the bank.
More...

Like thorn said, this is going to be a negative year for the s&p. take it to the bank! Is thorn ever wrong?
 
Quote from ProfLogic:

Consistently!
More...

given that i used to like you charlie dow, its really unfortunate that you have become another biased member of the maggot pack. you know better than to say something foolish like that.
 
Quote from polpolik:

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

This call was made about the housing stocks when the stock prices were at a high earlier this week after an upgrade by GS.

What an incredible, gutsy call by polpolik. Maybe the best call i've seen on ET in a while. Polpolik is obviously an astute trader who has major guts to go against the grain like this.
 
The NYSE floor traders are starting to question the rise in the ten year. The smart money is getting out now as it ticks closer to 5. When it does hit 5, then the market will probably fall like May of last year.

The lowered oil prices and earnings reports are being ignored. Im betting this is due to program trading. As the yield gets closer to 5, the programs sell more shares or short into the market.

It appears Yahoo, EBAY and T are giving their gains back to the market.
 
Quote from marketbarometer:

The NYSE floor traders are starting to question the rise in the ten year. The smart money is getting out now as it ticks closer to 5. When it does hit 5, then the market will probably fall like May of last year.

The lowered oil prices and earnings reports are being ignored. Im betting this is due to program trading. As the yield gets closer to 5, the programs sell more shares or short into the market.

It appears Yahoo, EBAY and T are giving their gains back to the market.
More...

Yep. Looks like yesterday was the final push.
Market definitely heading lower from here.
Guaranteed the s&p will be negative this year.

Time to move the conversation to this thread. Thx !

http://www.elitetrader.com/vb/showthread.php?s=&threadid=85561
 
Thorn, you were close and I give you credit.

I absolutely believe the market is drifting down from now until at least the point the fed starts to cut rates, which may not happen for a while given inflationary pressures.
 
Quote from ByLoSellHi:

Thorn, you were close and I give you credit.

I absolutely believe the market is drifting down from now until at least the point the fed starts to cut rates, which may not happen for a while given inflationary pressures.
More...

thx ByLo, i appreciate that. I was close on this thread, and yesterday certainly didn't change my view that the s&p has topped out. I was just about 10 points off. Do me a favor, make future comments on the new thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=85561

since the upcoming decline will last for many months, this new thread will be the biggest in ET history!
 
You must log in or register to reply here.
Back
Top