The S&P has topped !!

Has the S&P topped right here?

  • Yes, I agree with the bird

    Votes: 68 34.9%

  • No, I don't agree. Market is going higher

    Votes: 71 36.4%

  • I don't know/I can't form opinions/the bird is a moron

    Votes: 56 28.7%
  • Total voters
    195
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Quote from dwl603:

take the money you maade on this trade and go seek immediate psychological help...


ill admit it was a good call though
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rubberturd is furious

because he was long all day fighting it like a mook
 
oww my head hurts.... feeling dizzy..... worn out.


Tried to fight this falling knife.... took big loses.... im done for fellas.... so long cruel world......
 
Quote from lilduckling:

oww my head hurts.... feeling dizzy..... worn out.


Tried to fight this falling knife.... took big loses.... im done for fellas.... so long cruel world......
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sorry to hear ld, you will get it back.
 
klans and crackers alike,

osama rules the day.
so does his #2.
take my advice,
get al-jazeera channel.
it's indispensable.
call your local cable/dish operators.
 
Quote from doublea:

Bird:

My analysis shows that ES will probably hit 1296 tomorrow before we see a sell-off. Your prediction might just be true, again!!!!

I ended up going long this morning @ 1285. Exited out of half the positions at 1290, still holding the other half, planning to get out @ 1295 tomorrow and shorting around 1296 with a stop @ 1303.

If the NQ and ES are stronger than the YM when we get to 1295, I'll probably stay with my longs and see how things fold out later in the day.
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Well I got out of my longs in the morning when GE and C came with their earnings. In the first half hour when The market could not go up from these oversold level, I went short. Probably the best day ever.

Nice Call Bird!!!!!!

"It ain't bragging if you can back it up", and you sure as hell did it!!!!!!!
 
Quote from doublea:

Well I got out of my longs in the morning when GE and C came with their earnings. In the first half hour when The market could not go up from these oversold level, I went short. Probably the best day ever.

"It ain't bragging if you can back it up", and you sure as hell did it!!!!!!!
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good work amigo! It's great to hear someone on this "elite-trader" message board finally sharing a relevant trading story, and especially great that you went along with the idea of a very strong top formation.

and to lilduckling, hang in there. consider your loss an investment in Wall St. University. Now try to learn from your mistake and get em next time!
 
Quote from jackbyrd:

yes, Mr Rubberbird is entirely correct. The S&P has topped. A perfect vertical, ciimatic top just like 1973. Good day.

(It's most unfortunate that we do not have the commentary of Apex Capital to confirm the top however).
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I also want to commend jackbyrd for the above quote, coming on the first page of this thread. He was right on the money, and he paralleled a specific chart pattern that was very insightful. For anyone who follows TA, the 1973 pattern is extremely similar to the current one, and it was a major contribution by jackbyrd to share that with this crowd of "traders".

One more thing to lilduckling, you were 2nd place of over 25 participants in the "what will the S&P end 2005?" question. Don't take that lightly, it is extremely difficult to accurately predict a month out. You have good senses, so don't get bummed on a wrong call. No one gets em all correct, not even me!
 
such great ET threads like "I almost lost my shirt trading today"

http://www.elitetrader.com/vb/showthread.php?threadid=62592

and "how much did you lose on the correction today?"

http://www.elitetrader.com/vb/showthread.php?s=&threadid=62384

are mind boggling to the bird. Any of these people are welcome to talk stocks with me, right here, yet they don't, for whatever reason. But they moan and groan if the market declines. Who said the market would always go up???

Again, the bird is open to all serious market questions and conversations...
 
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