stock market to begin correction

[new to zoo]

Quote from new to zoo:

I think the high or close to it will be on the opening tomorrow, but that's about it. With it being a long weekend, I don't expect much tomorrow.

Next week is a different story. Lots of earnings, taxes, and I'm definitely feeling a down market early next week. YHOO will be yesterdays news by monday.

I hate to say I told you all, but I told you all.

When will you people learn?

Quote from new to zoo:

my time frame is not a day trade. I feel the S&P has topped at 1150, and will move lower next week. Like I posted here earlier, I thought the higher opening today was a selling opportunity, and I sold it. But, I don't expect much more actionable trading today.

By the beginning on next week, I will be short a major portion of my portfolio. I will then see how the initial earnings results are interpreted by the market. If the initial reaction is negative, and the S&P moves further away from 1150, I will hold my shorts with strength.

 

[illiquid]

zoo, just tell wags there's a huge .6259384522366734 fibonacci resistance at 1150, that should satisfy him lol

 

[Turok]

James the Runner:
>When will you people learn?

Well hell, you're new here and only posted 39 times...how were we supposed to know?

JB

PS. Yeah, right.

 

[pspr]

Bears won big today! Looking for a bounce Monday then more down Tuesday. (like JS I'm not giving reasons)

 

[new to zoo]

Quote from pspr:

Bears won big today! Looking for a bounce Monday then more down Tuesday. (like JS I'm not giving reasons)

These look like reasons to me:

Quote from new to zoo:

Technical: there has proven to be massive resistance at 1150-60.

Others: earnings season begins in earnest next week, and so does paying taxes, and the combination of the two has me in a bearish mood.

Others: the above poll makes me more confident I am right.

Others: interest rates have bottomed.

Enough? Any more?

 

[waggie945]

You have only posted 40 times here, right?
So why would anyone listen to you?

Personally, I only listen to the infamous James Crock, Romeo, Manolo-Moron, Anthony Trader, Jeffo, Chapabroka.

He's the BEST!!!

 

[new to zoo]

Quote from waggie945:

You have only posted 40 times here, right?
So why would anyone listen to you?

Because I started this thread and it has proven to be remarkably accurate so far.

 

[rowenwood]

Let's remember that you predicted a correction, and that you only gave reasoning for this prediction days later after accusations of you of being a flake because you post random, unfounded, and obnoxious, statements.

We were aware of a resistance at 1150, and did'nt need you to remind us. The only unusual statement you made was about a correction, and that 1150 to be the top for the said correction.

You aren't yet correct or wrong.

 

[harrytrader]

Don't forget : election is not passed yet they can keep the market sustain just for that

Terrorists incidents - that occured after we retested the key level of 10556 (see http://www.elitetrader.com/vb/showthread.php?s=&postid=468199&highlight=10556#post468199) - won't change that: on the contrary just a timed pretext for consolidation.

 

[harrytrader]

Once more ?

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Quote from harrytrader:

Don't forget : election is not passed yet they can keep the market sustain just for that

Terrorists incidents - that occured after we retested the key level of 10556 (see http://www.elitetrader.com/vb/showthread.php?s=&postid=468199&highlight=10556#post468199) - won't change that: on the contrary just a timed pretext for consolidation.