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The S&P has topped !!
- Thread starter rubberbird
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........hmmmmm
GDP in at 1.1 % ....is GM storm related too ? next week our yield curve is likely flatter heading toward inversion- bearish-not yet..but cautious...and the wild swings aren't exactly signs a market being in agreement- that was a global drop we saw- not just at home
Quote from doublea:
Hey Bird: I ended up going long NQ @ 1694 today. Just had to follow the system. I think there is 40pts. upside in NQ and 20 in ES before we see any type of sell-off.
good call! you were right, and I was wrong. The S&P was able to climb 20 points. I'm still scratching my head from it.
Quote from just21:
1 in 3 chance that it hits either 1300 or 1240 by the end of June
Like I said, please find your high school statistics teacher and beat the living crap out of him. I told you it was 97.5% chance. Please use your noodle. The S&P was 30 points away and there were over 5 months left.
BTW, statistics was my best course throughout college and business school. That helped me to become the great trader I am today. You have to understand the probabilities and odds to play this game effectively.
The poll voting is still open! Who would have guessed this question would come down to the final 2 days? Not I. What a classic question!
Perennial bears in this mkt will eventually be punished: nothing has been able to bring it down; not oil, nor concerns over inflation, nor global and political instability and neither 1/3 of gdp estimates. And for that matter neither et'ers talking about negative divergence.
It has paid off to be a bull from 2002, no q about that.
And by the way, earnings are great, with 65% of sp companies gifting the mkt with upside surprises.
1300 and change here we come.
It has paid off to be a bull from 2002, no q about that.
And by the way, earnings are great, with 65% of sp companies gifting the mkt with upside surprises.
1300 and change here we come.
Quote from Bitstream:
Perennial bears in this mkt will eventually be punished: nothing has been able to bring it down; not oil, nor concerns over inflation, nor global and political instability and neither 1/3 of gdp estimates. And for that matter neither et'ers talking about negative divergence.
It has paid off to be a bull from 2002, no q about that.
And by the way, earnings are great, with 65% of sp companies gifting the mkt with upside surprises.
1300 and change here we come.
exactly... wish everyone would stop trying to call a top... and just join the winning team and buy buy buy $$$
Quote from rubberbird:
good call! you were right, and I was wrong. The S&P was able to climb 20 points. I'm still scratching my head from it.
Thanks. 1296 in ES could prove to be a major resistance. If we see a sell-off from 1296, we're headed to 1200. IMO 1250 won't provide much support. Anyway, I'm sitting out for the last two days of Jan so that I can say that I was up a little over 10% for the month.
For my long-term view I think 2006 would prove to be another classic bubble. 2000-2002 was so long away.
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