The S&P put in another short term bottom on April 11

Did the S&P just put in another short term bottom on April 11 at 1283 ?

  • Right on, see you shorties at 1334.

    Votes: 32 53.3%

  • The last 4 calls were pure luck, we are going much lower than 1283.

    Votes: 28 46.7%
  • Total voters
    60
I'm not familiar with your "S&P bottom predictions" past performance. Congrats! What are you basing today's predictions on?

It seems obvious to me that S&P will go lower between now and the end of May, and that it will not touch 1330 in the mean time...
  • Quote from volente_00:

    Back again, going for 5 for 5. I say we saw yet another short term bottom in the S&P today at 1283. Short term target in the 1334 area between now and the end of May.
 
Quote from cnms2:

I'm not familiar with your "S&P bottom predictions" past performance. Congrats! What are you basing today's predictions on?

It seems obvious to me that S&P will go lower between now and the end of May, and that it will not touch 1330 in the mean time...
  • Quote from volente_00:

    Back again, going for 5 for 5. I say we saw yet another short term bottom in the S&P today at 1283. Short term target in the 1334 area between now and the end of May.
More...

Nothing is ever what it seems.
 
What do you mean incestuous mkt ?
  • <FONT arial>Main Entry: <B>in·cest</B>
    <IMG src=http://www.m-w.com/images/audio.gif>     <BR>Pronunciation: 'in-"sest<BR>Function: <I>noun</I> Etymology: Middle English, from Latin incestus sexual impurity, from incestus impure, from in- + castus pure -- more at CASTE
    : sexual intercourse between persons so closely related that they are forbidden by law to marry; also : the statutory crime of such a relationship </FONT>
Quote from Bitstream:

incestuous mkt wants higher now
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Quote from volente_00:

Buy1sell2, perhaps I used poor wording. The bears will have trouble keeping us under 1290, instead of getting us under 1290.
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I still see an issue though with the wording of where we were headed. There was a specific mention of 1330. I am assuming cash didn't get there since futures made 1324. (You may recall my prediction for a top at 1325 and a low under 1200 during 2006--prediction was made when we were still well under 1300). --

I just don't think the last prediction has had time to mature yet. We haven't made the target or pushed well below the 1290 either.
 
Quote from 1000:

+9 handle spread. Needs crushing pretty soon. This has to happen outside cash trading hours. Don't know what the excuse will be, may be around the fomc mins release, coupled with a few bad earnings?
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This is so stupid! But to amuse the amateurs, I predict the spread between futures and cash will narrow as we approach the June expiration. Then, amazingly, the spread will be wider with the new September futures. Just you wait and see.....
 
Quote from newbunch:

This is so stupid! But to amuse the amateurs, I predict the spread between futures and cash will narrow as we approach the June expiration. Then, amazingly, the spread will be wider with the new September futures. Just you wait and see.....
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:D I second that. I will also go one better and say that the Sept future spread will also narrow, before another widening with the Dec contract rollover.
 
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