You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
S&P looks good to a new high
- Thread starter Romeo
- Start date
- Status
- Not open for further replies.
Quote from Romeo:
Attention.
I told you all when I predicted the "S&P looked toppy" that I was the greatest of all time, and I'm telling you again after calling the top within 6 points that I am still the greatest of all time.
Never again question me. Never again defeat me. Never make me the underdog, until i'm about 50 years old.
What the hell are you talking about you nutter?
You didn't call short 6 points from the top!
You called it two points from the top!
Yes, 2 points! On 9/3, when you posted that 1025 would be the high -- at 5.51pm -- the market had already put in a high of 1029.
2 points off the top, and in the face of everybody's dire warnings not to short into this market and you, ya son of a gun, you pull it off! What - a - call!
Romeo, you are first place entertainment and a (for now) red hot prognosticator!
Quote from alfonso:
What the hell are you talking about you nutter?
You didn't call short 6 points from the top!
You called it two points from the top!
Yes, 2 points! On 9/3, when you posted that 1025 would be the high -- at 5.51pm -- the market had already put in a high of 1029.
2 points off the top, and in the face of everybody's dire warnings not to short into this market and you, ya son of a gun, you pull it off! What - a - call!
Romeo, you are first place entertainment and a (for now) red hot prognosticator!
Thank you alfonso.
I better come up with a new call soon. We live in a "what did you do for me lately" type world.
Quote from Pabst:
I am serious Romeo. Even though the market feels weak to me at this moment it's hard to not be cognizant that three sucsessive years either 9/17 or 9/18 have been trend continuation days on the downside. This year I think the pattern breaks the other way. I see the market with a strong Q3 finish, a weak Q4 start and a strong end of year spark. Strength will carry over through mid March and then we break like the dickens!
I believe the top was 1032, and there will be no strong rally end of next week. If there is any rally, it certainly will not take out the 1032 high.
Your analysis is quite interesting , though, and I will remember what you said. I respect your opinion.
Quote from The Answer:
Romeo/Nolan has been right on most major swings all year. Yet he gets none of the respect around here that Brandon or Hersey get. Instead of throwing out some techno-babble BS, he just sits back and makes good calls. Hate to break it to you guys with the 3min stohs up on the screen but Romeo's way is the way.
Maybe if Romeo cloaks his next call under the thread McClellan oscillator we can see 1000 pages of posts, endless debate over the "merits" of this "new system" and the Jim Jones like mass suicide of ET'ers if Romeo is ever banned. Of course LOL, tough guy to ban, he's probably posting under a different name in a different thread as we speak.
Excellent post!
I've been banned here at least 10 times. Banning me has proven to be totally counterproductive b/c I always come back even more frisky. I've never been one to allow power hungry people to get the best of me.
BTW, I never have 2 handles at the same time. I'm no mr monkey/alice. I always post under one handle, and if that handle gets banned, then I come back under a different single handle.
If Romeo gets banned, I will not come back, though. I'm really only hanging around now b/c I like Inandlong, and respect ET'ers like Pabst and Alfonso.
Quote from Romeo:
I believe the top was 1032, and there will be no strong rally end of next week. If there is any rally, it certainly will not take out the 1032 high.
Your analysis is quite interesting , though, and I will remember what you said. I respect your opinion.
Romeo,
(I am a swing trader - a couple days to a couple weeks)
I too agree, I went all cash on Thursdays rally to protect profits, the volume on was not convincing, and in my opinion, was confirmed with Fridays trading down all day with only a late day burst of short covering.
My trading systems, charts, indicators all tell me sideways to down for the Market indexes over the next while. I even dug out the Fib's tool to look for retracement points on the indexes for this latest March to September rally.
With options expiration next Friday we can expect volitlity, but no new high in my opinion...
Quote from condorll:
Romeo,
(I am a swing trader - a couple days to a couple weeks)
I too agree, I went all cash on Thursdays rally to protect profits, the volume on was not convincing, and in my opinion, was confirmed with Fridays trading down all day with only a late day burst of short covering.
My trading systems, charts, indicators all tell me sideways to down for the Market indexes over the next while. I even dug out the Fib's tool to look for retracement points on the indexes for this latest March to September rally.
With options expiration next Friday we can expect volitlity, but no new high in my opinion...
Let's see if that expiration volatility doesn't cut both ways.
Count me in for new highs. If not by the end of the week then early the week of the 22nd. After some expansion above 1030 I think early Oct. will be gruesome on the downside. BTW Bro, How about Part 2ing this thread with a new poll! Inandlong will be cool about closing this and putting up a new one.
- Status
- Not open for further replies.