The S&P 500 will top at 3250

[volente_00]

My current ES range is now 3253 to 3168

Tagging the upper

Now time for the lower

 

[padutrader]

•The winner for this year prediction is Binky Chadha with Deutsche Bank!
•For next year's prediction, Oppenheimer is most bullish, and most bearish is Morgan Stanley (they've been bearish for quite sometime). (the info is from CNBC)

my prediction......5300.0543

the uptrend has been consistent and persistent...…...it has to show some inconsistency after which you will get further up side .

then and only then can you begin to see the top.


to call a top, without seeing it, is absurd

disclaimer I could be 0.254 off

 

[padutrader]

We just don't know when that day is...

let the market tell you

 

[padutrader]

I still remember I sold when the Gulf war broke out.....

I never saw that level again ...ever......

I learnt one lesson: war is good

the market climbs a wall of worry......the steeper the wall, the steeper the rise...…..

every night I spend a minute saying a prayer for the bears.

I am not saying that you should too.

 

[padutrader]

Had it not been for the world-wide government bailouts

from experience, not personal[!] ...I know no one can fight the government...…..any government.

governments do not like bears.

this is writing on the wall.....or more precisely writing on the charts

 

[schizo]

I still remember I sold when the Gulf war broke out.....

I never saw that level again ...ever......

I learnt one lesson: war is good

the market climbs a wall of worry......the steeper the wall, the steeper the rise...…..

every night I spend a minute saying a prayer for the bears.

I am not saying that you should too.

I suggest you study intermarket analysis.

 

[volente_00]

Tagging the upper

Now time for the lower

When the $hit goes down

You better be ready

 

[Pekelo]

So no matter if eventually peace breaks out in the ME and the market recovers with an even newer high, Volente's call was already good and nicely in profits.

I think this was his 3rd such top call in 12 months, congrats!!!

 

[Laissez Faire]

So no matter if eventually peace breaks out in the ME and the market recovers with an even newer high, Volente's call was already good and nicely in profits.

I think this was his 3rd such top call in 12 months, congrats!!!

Well, we've been down less than 40,00 points from 3250 or 1,23 %. Round numbers typically have a reaction - the same thing happened at 3150. Does not mean it's a major top.

The original call is for a 9,23 % drop and we're not quite there yet.

I do hope Volente is right of course, but I fear it's not yet time for a sustained sell. Should a full war break out in the Middle East - maybe then?

PS: No disrespect to Volente of course. I always value his comments.

 

[Pekelo]

Well, we've been down less than 40,00 points from 3250

Maybe my chart and math are different than yours, but:

3250-3180=70 points

Now it almost totally bounced back already, but it still went his way with very little heat.