The S&P 500 will top soon at 2925-2930

Will the S&P 500 top at 2925-2930 ?

  • Hell yes your short term top will be correct again

  • Hell no the bull market will set new all time highs and trade above 3000

  • You're still a fool for STFT

  • Who cares Desperado trades Billion dollar FX accounts recruited from twitter

  • Baron is still 12% body fat and will kick your a$$

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S2007S said:
Haaaaa.

Joke of the day!!!


Market will return to all-time highs with help from a group hit by the trade war, Wall Street bull Ed Yardeni predicts


https://www.cnbc.com/2019/05/18/us-...p-market-rally-to-all-time-highs-yardeni.html
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right mister.
Jokers PREDICT the market.
Traders trade the market.



images
 
tommcginnis said:
I did.
https://www.elitetrader.com/et/thre...soon-at-2925-2930.331727/page-21#post-4857338
But then, that was a sucker's bet, and was filled in an hour. It had all sorts of reasons "why" -- not least of which was because it was short-term.

And did you watch the market close on Friday? Lots of selling for the last 15 minutes: profit-taking by people who did NOT want to hold over the chancy, iffy, weekend. What happened? "Short term."

"Long term??" Right now, the economy (remember, 'the economy'?) has a lot of solidity. The geo-political scene is rife with non-market, but most definitely market-impacting bullshit -- stuff that is unpredictable by construction. (Have you seen 2019 VIX? :D) That makes any such [non-short-term] prediction a Fool's Errand.

The economy sez :thumbsup:; the overall environment sez :thumbsdown:: so to 'predict' right now is NOT smart. :wtf:

(On the other hand, I'll put a pint down on just about anything. :rolleyes: "Short term.")
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Didn't you economists also said market is a leading indicator, not a lagging indicator? Current economic and financial conditions are not relevant?
 
Pekelo said:
Every trade is a prediction... You wouldn't go long if you expected (aka predict) the price to go down, would you?
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This belief used to annoy me but no longer.
Am very happy the majority think like this.
 
Newbies / non traders predict where market is going, and enter trade without confirmation, ie trade entry based on crystal ball.
And people continue to seek even more powerful crystal ball
by doing very complex historical analysis, complex mathematical calculations, phd level inter and intra correlations, predictive models, and they use powerful workstations to digest tons and tons of world wide data.
But some people use very simple crystal ball for prediction.

Successful traders don't predict. They react based on chart pattern / price movement.

Unsuccessful traders also react based on chart pattern / price movement.
But they seek confirmation and double confirmation and triple confirmation till
all planets are aligned. By the time they enter, too late.

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ironchef said:
Sorry, I really don't know what I am talking about.

I am just a layperson, masqueraded as someone who appeared to know something.
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Current economic data (including financial data) are very much relevant to providing barometric *indicators* on the overall economy -- whether that data is leading (like, housing permits, rig counts) or lagging (new home sales, NGstorage).
 
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