The S&P has topped !!

[Buy1Sell2]

He is looking at catching the up at 1295. It looks to me that there is a greater than even chance that we'll see 1285 first based upn hourly charts

 

[doublea]

Quote from spersky:

doublea,

How will you short at 1295 when the e-mini are at 1288.75. We might not even get to 1295. Maybe you will be lucky and Hit a spike tommorrow and get you short sale.

Regards,
Steve

Well after Friday's upside momentum, I'm looking for some more follow-through to the upside. If in the first half hour if we do not see any kind of follow through, i'll be short. If we do see some follow through then I'll have my sell order @ 1295. If we see some follow-through but the price doesn't get up to 1295 then I'll short at the close.

I have it all planned.

 

[tradingbug]

Quote from Buy1Sell2:

He is looking at catching the up at 1295. It looks to me that there is a greater than even chance that we'll see 1285 first based upn hourly charts

ET is a lonely place without your permabear threads and posts. Unfortunately, if tomorrows fomc news is taken postively, last week might have been the best buying opportunity for a while.

 

[Buy1Sell2]

Of course, I am not a permabear. I go long more than I go short actually. I went long most recently on 10/21/05 when MACD and RSI both indicated a move up from recent troughs. My first short was at 1293.50 and I have since covered thos profits. I take what the market gives me from a technical standpoint and sometimes I am wrong. Long term (year or more) we are looking at a sideways or down market.

 

[rubberbird]

Quote from Buy1Sell2:

I would say though that 2006 would end below 1300--with the usual ups and downs that accompany every market.

this proposition is most likely a 50/50 coin toss..whether the S&P ends 2006 below 1300. I do agree with you that it will close below 1300 at year end.

 

[tradingbug]

Quote from Buy1Sell2:

Of course, I am not a permabear. I go long more than I go short actually. I went long most recently on 10/21/05 when MACD and RSI both indicated a move up from recent troughs. My first short was at 1293.50 and I have since covered thos profits. I take what the market gives me from a technical standpoint and sometimes I am wrong. Long term (year or more) we are looking at a sideways or down market.

I did not read all of your prior posts. I was under that impression based on what I have read the past 3 weeks and your name. If you always buy 1 and sell 2, I figured you were always short and a permabear.

Anyway, best of luck. If tomorrows news is taking badly, I would agree though about your similiar cycle thing.

 

[Buy1Sell2]

This is why I didn't answer option 3 on the poll

 

[Perseus]

if S&P approaches 1300 tomorrow i wonder if bird has enough bankroll to sell it off...

I hereby stand up and make my bold and fearless prediction for the rest of 2006:

The S&P will move both up and down and settle in the 1100-1500 range.

 

[doublea]

Quote from doublea:

Well after Friday's upside momentum, I'm looking for some more follow-through to the upside. If in the first half hour if we do not see any kind of follow through, i'll be short. If we do see some follow through then I'll have my sell order @ 1295. If we see some follow-through but the price doesn't get up to 1295 then I'll short at the close.

I have it all planned.

Short @ 1288.75. I've got a pretty wide stop so hopefully I won't be stopped out by the usual knee-jerk reaction after the fed meeting. I doubt that they will hint on stopping further rate increases.

 

[volente_00]

Quote from doublea:

Short @ 1288.75. I've got a pretty wide stop so hopefully I won't be stopped out by the usual knee-jerk reaction after the fed meeting. I doubt that they will hint on stopping further rate increases.

Just joined you at the same. We can go 10 points either way tomorrow, but I think we will close down.