The S&P has topped !!

[Buy1Sell2]

apparently I need to do spellcheck. I guess fuel is not really spelled fule unless it's around holiday time.

 

[Spelunk]

>>If some of the Elliotticians are right about the GSC the S/P might never see 1300 again, period.

Ever is a long time have these Elliot guys heard of inflation with a fiat currency?

 

[rubberbird]

Quote from Spelunk:

If some of the Elliotticians are right about the GSC the S/P might never see 1300 again, period.

who you calling an "elliotician?? I hate that whole stupid idea. And they suck too. Check out all of apex capitals aka waggies predictions, he bowed to the eliots, and was taken to the cleaners each time he thought he saw something.

 

[rubberbird]

The next week is trouble with a capital "T" for the S&P. Watch for the volatility to increase and the market to go lower.

 

[newbunch]

Quote from rubberbird:

The next week is trouble with a capital "T" for the S&P. Watch for the volatility to increase and the market to go lower.

I hope you are right bird. I've been short since November 25 (I trade long term) at 1268 and I'm up a whole point so far.

What do you think will cause this decline?

I am getting some bearish indicators on bonds. Higher interest rates could be the trigger.

 

[Buy1Sell2]

Nov 25 was the last peak on the MACD and is where the bearish divergence is drawn from.

 

[EqtTrdr]

bottom...

market needs 1300 tomorrow.. easy

 

[DeepFried]

Pretty funny how people are still voting in this poll with 4 trading days left. I think I'll put in a vote at market close on Jan 31st.

 

[Perseus]

bird,

just wondering if you put any stock in the 'january is indicator for the whole year' stuff? FYI i don't.

also I may have missed it before, but just what do you look at?

- amateur

P.S. I agree that elliot wave is crap

 

[rubberbird]

Quote from newbunch:

I've been short since November 25 (I trade long term) at 1268 and I'm up a whole point so far.

What do you think will cause this decline?

I am getting some bearish indicators on bonds. Higher interest rates could be the trigger.

That's some wild ride you've been on then! That would be too nerve racking for me, but more power to ya!

What will cause the decline? You answered the question yourself, higher interest rates. 1) They'll filter through to earnings. 2) commodity prices and metal prices are out of control, and it's the job of the Fed to keep these in check. The only solution is continued higher rates.

3) this year of the presidential cycle is not a favorable one for the markets.