The S&P has topped !!

[Longhorns]

Quote from syswizard:

technical analysts are truly worth zero

Bingo.

 

[Buy1Sell2]

yes Steve I am still short and yes Technical Analysis is the way to trade. Fundamental is ok, but Fundamentals reflect themselves in the TA , so you get the best of both with TA

 

[rubberbird]

just warming up this thread again. when the S&P doesn't hit 1300 by the end of Feb, we're back to discussiing whether it will hit 1300 at all.

 

[rubberbird]

Quote from rubberbird:

And he's back just in time to see this crystal clear top formation. The S&P will not see 1300, so it has topped.

posted on 1/12. the bird put a 2 month ceiling atop the market.

and how much longer will bird's voodoo last ?

 

[rubberbird]

looks like you can forget 1300 for a while.

S&P index headed lower. who's ready to try to catch the falling knives?

 

[Perseus]

can you define a while?

 

[patoo]

Gez, there is going to be no living with the Bird now

Is the Bird saying we are going sideways, or back in a bear market like in 2001-2002?

 

[no-problem]

Quote from rubberbird:

looks like you can forget 1300 for a while.

S&P index headed lower. who's ready to try to catch the falling knives?

The way market is acting it seems we will hit 1300 today or may in next couple of days.

Do you still think 1300 is not possible a while after getting 2nd chance for coming to ET world.

 

[Buy1Sell2]

I am going to deviate from my normal position trading and attempt to day trade for a bit to see if I have any aptitude for that like I do with position trading. I have just shorted ES at 1289.75 with a buy stop at 1297.50

 

[himself]

Quote from Buy1Sell2:

I am going to deviate from my normal position trading and attempt to day trade for a bit to see if I have any aptitude for that like I do with position trading. I have just shorted ES at 1289.75 with a buy stop at 1297.50

If this is a day trade why the 8 pt stop, especially with half the day over?