The S&P has topped !!

[DeepFried]

Excellent call, rubberbird. Obviously, we did not see 1300 in January and you made your call on the day the market reversed, if I remember correctly.

 

[rubberbird]

Quote from DeepFried:

Excellent call, rubberbird. Obviously, we did not see 1300 in January and you made your call on the day the market reversed, if I remember correctly.

thank you. I did call it the exact day the market reversed, you are correct.

but it's a new month, and so we need fresh ideas. let's move to this thread:

can the S&P hit 1300 in February?

http://www.elitetrader.com/vb/showthread.php?threadid=63284

 

[tradingbug]

Quote from Buy1Sell2:

still short from 1289 today. Ive made good money in this market except for one small loss.

First I am glad you made money. I think longs and shorts could have both made money with all the lateral stuff we got after the FED.

If you recall, you stated that the cycle was similiar to a prior cycle where we had an unfulfilled half cycle.

It seems that the FED put on the breaks on that half cycle we were in and in fact am simliar too what you had stated earlier.

Now, we are riding support again. Lets see what happens next. I am still hoping for new highs after we break out of this consolidation. I think it would be much more beneficial for the Country as a whole.

Congrats.

 

[hairdresser]

as long as this moronic thread is posted everytime we are off small, the market will never go down. Bear fantasy after getting totally screwed yest. I bet they didnt even make any money that past 2 days combined.

 

[EqtTrdr]

Quote from hairdresser:

as long as this moronic thread is posted everytime we are off small, the market will never go down. Bear fantasy after getting totally screwed yest. I bet they didnt even make any money that past 2 days combined.

1 day of selling does not a downtrend make.....


just buy buy buy da dips $$

 

[newbunch]

Quote from EqtTrdr:

1 day of selling does not a downtrend make.....

I went short the S&P on November 25, 2005 at the close. The S&P closed at 1268.25 (my SPY price was 127.04). Now, the market is at 1269.54 (127.09).

We may not be in a downtrend, but we aren't in an uptrend either.

 

[rubberbird]

Quote from hairdresser:

as long as this moronic thread is posted everytime we are off small, the market will never go down. Bear fantasy after getting totally screwed yest. I bet they didnt even make any money that past 2 days combined.

maggot alert! oh, it's "hairdresser", looks like this thread will keep on keepin on unitl the S&P runs thru 1300. Seems to me the market continues to "go down" as long as this thread is up.

 

[Buy1Sell2]

Quote from tradingbug:

First I am glad you made money. I think longs and shorts could have both made money with all the lateral stuff we got after the FED.

If you recall, you stated that the cycle was similiar to a prior cycle where we had an unfulfilled half cycle.

It seems that the FED put on the breaks on that half cycle we were in and in fact am simliar too what you had stated earlier.

Now, we are riding support again. Lets see what happens next. I am still hoping for new highs after we break out of this consolidation. I think it would be much more beneficial for the Country as a whole.

Congrats.

Thank you tradingbug--I agree that the market needs to keep an upward bias for he betterment of all. Now it's time to look forward to future moves here. I still feel the market is entering a downturn although there will certainly be ups as well. There will be a point where I get long again

 

[spersky]

BuySell,

You still short. I stayed short the whole day, although I did not add to the position.

Regards,
Steve

 

[syswizard]

classic...I mean CLASSIC "double-top" formation in-place for all major equity indices.
Man, if we don't go down from here, technical analysts are truly worth zero with continued layoffs likely from the major investment banks.
"Helicopter Ben" may just "shred" the markets with those helicopter blades....he is not a happy camper with inflation moving up consistently past 6 months.
More pain ahead for the longs.