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SP 500 to never hit 1050 again
- Thread starter increasenow
- Start date
if you will look at the daily back to 1/1/2009...it is so heavy...meaning...very hardly to move up...much less even considering getting over 1050...until into 2010...
Quote from swtrader:
"If I were going to make a case for being in a 'bear market' I would at least expect to see prices on the left side of the chart to be higher than prices on the right.
"
maybe you need glasses, I see higher prices on the left side of the chart, as far back as 1998, 11 years
i see them from 1998-2001, and 2003-2008 - all on the left side of the chart
You keep citing the 50 month and 200 month averages as the rationale behind your decisions... it is the 50 day and 200 day SMA'a you are looking at, not monthly.
Let's hope you document your tremendous trades in your EXTREME HIGH ENERGY Journal!!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=177183
http://www.elitetrader.com/vb/showthread.php?s=&threadid=177183
Quote from increasenow:
SP 500 to never hit 1050 again...in 2009...here is why:
Stochs
RSI
CCI
Bollinger bands
MA's
...all show it...
Sell for year end profits trading...
I'm thinking short the ES, buy SPY puts and buy SPX puts...agree, disagree?
Quote from R. Raskolnikov:
Let's hope you document your tremendous trades in your EXTREME HIGH ENERGY Journal!!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=177183
BANG!!!!!!!!!!!!!!!!!!!!!!!
HIGH ENERGY analysis!!!!!!!!!!!!!!!!!!
Expect Roubini, Soros and Co. doomers t be punished by a run up over 1070.00 before JP Morgan and Goldman earnings. After earnings release different story.
Quote from seasonedpro:
oh ok my bad dude. You keep referring to the 200 month moving average for your trades, it's the 200 day. Is that better?
no, actually, it isn't
here's the chart i put up on page one of this thread
what part of 'monthly', dont you get, 'dude'?
<img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2594812">
Quote from increasenow:
if you will look at the daily back to 1/1/2009...it is so heavy...meaning...very hardly to move up...much less even considering getting over 1050...until into 2010...
Trade what u see, not what u think...don't worry about getting or not getting above/below a ceratin #....although if u use EXTREM HIGH THINKING ENERGY, u might be able to overcome this.
BANG!!!!!!!!!!!!!!!!!!!!!!!!!!!!