S&P looks good to a new high

Romeo · Sep 13, 2003

Quote from Pabst:

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.

make it count!

inandlong · Sep 13, 2003

Robert Miner and Dynamic trading Group have made it known that they believe the high for the year was put in Sep 8. They also see a downtrend continuing into late October.

Btw, we should be setting up for some of that Oct-May is the best time to be in the market scenario. Anyone scouting charts for that play?

Pabst · Sep 13, 2003

Quote from inandlong:

Robert Miner and Dynamic trading Group have made it known that they believe the high for the year was put in Sep 8. They also see a downtrend continuing into late October.

Btw, we should be setting up for some of that Oct-May is the best time to be in the market scenario. Anyone scouting charts for that play?

I want to flip the whole Oct.-May seasonal around. I see strength through the end of the month and then a selloff. Might get an end of year into early 2004 push higher but by the mid Q1 2004 this stuffs in crash mode.

Romeo · Sep 14, 2003

Can you reset the above poll, and allow everyone to vote again?

Interested to see the new results.

Thanks.

inandlong · Sep 14, 2003

Sure Romeo. I"ll PM Baron and ask him if he will. I'll let you know via PM when (if) it is done.

iceman1 · Sep 14, 2003

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.

who gives a d**n about your guesses... ?

I for one do not. There are a thousand armchair quarterbacks like you.... but as Ben Franklin once said "well done is better than well sasd". Thus, show us how you have traded these alleged "great calls", and that you have honored your own prognosticating... (i.e. put your money where your b****/mouth are/is)... and then.... maybe, you will earn some respect.

Unitl then, you have none from this ET member! :eek:

bonne chance Romeo 'Granville'!

ICe

p.s. oh yeah... I forgot to ask... will the Cubs and Sox both win their divisions? That should be an easy one for a psychic like you to answer. What about the World Series and Super Bowl.. give us the champions, bro.

Scientist · Sep 14, 2003

Well, I'm busy studying and doing some interesting pre-market analysis for tomorrow... It's a really interesting situation indeed:

We have (NQ):

32% bearish retracement on the daily (ambigous)
50% bearish retracement on the 60
50% bullish retracement on the 15/30

Coinciding with a triple bottom re-test and an almost double-top on the smaller timeframes. First we had a gap-up hit retest the bottom 2 days ago, then it went up full to a 50% retracement, then opened up next day at the same bottom again (!), then rallied up to the same top as prior day...

What's your guess where the market is gonna go from here? Continue into a new bull or turn to the bear? I reckon it's gonna be answered before 12am tomorrow...

Tantalizing...

~Scientist

saschabr · Sep 14, 2003

Uuuhm... ohh...
Romeo, you have 2 threads in now... One telling about new highs,
another one predicting heavy downside.

Which one is now the right one so I can adjust my trading
accordingly ?

Please help me out, I feel so dizZzZy now.

Romeo · Sep 14, 2003

Quote from saschabr:

Uuuhm... ohh...
Romeo, you have 2 threads in now... One telling about new highs,
another one predicting heavy downside.

Which one is now the right one so I can adjust my trading
accordingly ?

Please help me out, I feel so dizZzZy now.

I don't have two simultaneous threads out. You are misleading people. Please show these two threads in question, or apologize.

condorll · Sep 15, 2003

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...

Hmmmmm....more confirming indicators.....
Glad I am all cash here.