SPX Has Topped For The Year Or Pabst Will Leave ET

Quote from Pabst:

IF SPX trades above 1348 anytime this year I will leave Elite Trader forever. I will also suffer a pretty good hit financially if SPX continues to rally.
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Good to see a total balls on the line prediction from someone who's got some experience. WTG :)
 
Quote from Pabst:

Without giving away what I'm looking at (some of you know a little) I believe that SPX did Friday what most indices did months ago. Topped. As in over. Perhaps over for a few years. This call is not based on hunch or feel and certainly not based on fundamentals although IMO a wild card event will accelerate the break. Rather it's a call I'm making off of a complex analysis of measured moves that provide the backbone of my trading.

I will give myself wiggle room to 1347.86

IF SPX trades above 1348 anytime this year I will leave Elite Trader forever. I will also suffer a pretty good hit financially if SPX continues to rally.

In memory of those American's who perished 5 years ago: Let's roll!
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Good Luck, but just in case I'll fire up the tar pot, volente you get the feathers, and Caddyshack you organize the lynch mob. :D
 
Quote from Pabst:

Without giving away what I'm looking at (some of you know a little) I believe that SPX did Friday what most indices did months ago. Topped. As in over. Perhaps over for a few years. This call is not based on hunch or feel and certainly not based on fundamentals although IMO a wild card event will accelerate the break. Rather it's a call I'm making off of a complex analysis of measured moves that provide the backbone of my trading.

I will give myself wiggle room to 1347.86

IF SPX trades above 1348 anytime this year I will leave Elite Trader forever. I will also suffer a pretty good hit financially if SPX continues to rally.

In memory of those American's who perished 5 years ago: Let's roll!
More...

Hi Pabst,

I prefer a public flogging to you leaving ET... we could have Barron handle it Singapore style...

then you could make multiple calls with the result being either profits or pops (American school slang for corporal punishment)

:p

cj...

_________________
HAVE STOP - WILL TRADE

If You Have The Vision We Have The Code
 
I've been waiting since August. I'm riding a BWB in SPX that's looking mighty tasty but please not 1200 in two weeks. Can we settle for 1260?
 
Dead man walking...

We are just breaking out of a chanel that started late 2001, resistance levels are 1365.1, 1453.3, 1520. Below 1315.6 will be the caution flag.
 
Quote from Pabst:

Without giving away what I'm looking at (some of you know a little) I believe that SPX did Friday what most indices did months ago. Topped. As in over. Perhaps over for a few years. This call is not based on hunch or feel and certainly not based on fundamentals although IMO a wild card event will accelerate the break. Rather it's a call I'm making off of a complex analysis of measured moves that provide the backbone of my trading.

I will give myself wiggle room to 1347.86

IF SPX trades above 1348 anytime this year I will leave Elite Trader forever. I will also suffer a pretty good hit financially if SPX continues to rally.

In memory of those American's who perished 5 years ago: Let's roll!
More...

anything to do with oil bottoming, if indeed it has?

also, rather than leaving, just admit you're wrong QUICKLY if it occurs

far more constructive than stubborness, financial self infliction and self banishment, and a better example

'Rather it's a call I'm making off of a complex analysis of measured moves that provide the backbone of my trading. '

hopefully, not elliot wave
 
Quote from Pabst:

...IF SPX trades above 1348 anytime this year I will leave Elite Trader forever. I will also suffer a pretty good hit financially if SPX continues to rally.
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Pabst,

Why the drama, unless you are looking for a potential excuse to leave ET? I hope you're right, but I don't understand why you would risk an unnecessary stake. If someone else made such a declaration, what would be your first impression and general assessment?
 
No one can call bottoms, and no one can call tops, period. There are too many variables - just too damn many.

Pabst - Why put the pressure on yourself to be right with such precision?

Why not just proclaim that we're close to a top now, and resistance will be incredibly strong?

A bear case can be made strongly without getting hungup by numerical precision.

I have no clue where this market is headed - My gut tells me we've topped, but there's so much money on the sidelines around the globe, and I have no idea where it will all flow if at least a good portion of it doesn't flow into U.S. equities.
 
Quote from ByLoSellHi:

No one can call bottoms, and no one can call tops, period. There are too many variables - just too damn many.

Pabst - Why put the pressure on yourself to be right with such precision?

Why not just proclaim that we're close to a top now, and resistance will be incredibly strong?

A bear case can be made strongly without getting hungup by numerical precision.

I have no clue where this market is headed - My gut tells me we've topped, but there's so much money on the sidelines around the globe, and I have no idea where it will all flow if at least a good portion of it doesn't flow into U.S. equities.
More...

equally disturbing is the notion that participation on a messageboard being as or more important than a signifigant financial hit

a dangerous lack of perspective, IMO
 
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