Sorry Pabst. Your call was wrong. However, I don't have anything to gain from you leaving this forum. Perhaps you can instead use this as a good example of why money management is so important.
The equivalent trade to making this kind of call on the SPX and laying your fate on it would be to bet your entire account on a single trade. Nobody can expect to be 100% correct every time. Trading, or making forum calls, in such a way as to require it to remain in existence is not wise. Whatever system you use to make your calls should be backtested and Monte-Carlo simulated to give you a good idea of your probability of ruin. Adjust your amount at risk based on that and your likely worst drawdown. Most importantly, never make a bet, or place a trade, that can bankrupt you.
-Raystonn
