s&p just made intermediate term top @ 1440.1

did the s&p make an intermediate term top @ 1440.1

  • Yes, I agree with you thorn

    Votes: 19 28.4%

  • No, I don't agree

    Votes: 25 37.3%

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

    Votes: 23 34.3%
  • Total voters
    67
Quote from Dr.Greenback:

This is a key point I feel because I was certain we'd violate this area and we didn't...If your a perma bear it's something that needs to be considered..However, the market may just have run out of time and exhausted itself. You'd like to see continuation overnight if not by the open.
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Because what's "SUPPOSED" to GO LOWER must GO LOWER!.. Or, it MUST go Higher!...Money doesn't stop it moves instantly.
 
Quote from Dr.Greenback:

Because what's "SUPPOSED" to GO LOWER must GO LOWER!.. Or, it MUST go Higher!...Money doesn't stop it moves instantly.
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We are on the same road I think.

I say, "Price will continue in one direction until an oscillation failure is present . . . then price reverses . . . price will then continue in that direction until an oscillation failure is present . . . then prices reverses . . . forever and ever and ever."

The stronger the oscillation failure the stronger the reversal in price.
 
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That's what most sensible mortals are seeing, whether Thorn is right or wrong time will tell
 
The scary thing is that all these top callers that come out on a -1% day aren't even being sarcastic!!!!!!! They mean it!!! :confused:
 
Quote from thorn:

if one exists, where can i get a chart on the junk bond/yield composite? many thanks doublea.
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I've screened the junk-bond funds on yahoo. I go through this every month. Junk bonds move south/north way before stocks do(at least historically). These are all 4 or 5 star rated funds by Morningstar. I am not looking at the yield but the momentum and trend. Liquidity is the major thing that moves junk-bonds.

Here is a link.

http://screen.yahoo.com/a?cc=HY&proy=0/10&b=1&z=trfy&db=funds&vw=6
 
I scalped some YM from the long side against my ES shorts this morning (actually it was a nice "lucky" trade as I got out @72 for no particular reason:)). Thorn this is reminding me of that pre-Katrina jerk-off trade between 1245 and 1227ish back in Aug/05. The highs held but it was painfull selling lows as the snapbacks and re-tests were fast. Jeez is that Nazdick ever weak again......
 
Quote from doublea:

I've screened the junk-bond funds on yahoo. I go through this every month. Junk bonds move south/north way before stocks do(at least historically). These are all 4 or 5 star rated funds by Morningstar. I am not looking at the yield but the momentum and trend. Liquidity is the major thing that moves junk-bonds.

Here is a link.

http://screen.yahoo.com/a?cc=HY&proy=0/10&b=1&z=trfy&db=funds&vw=6
More...

doublea, what would get you to say that the momentum and trend has turned? And if you feel more comfortable telling me via PM, I totally understand! and many thanks again, i'm just trying to learn.
 
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