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
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.....

140% up since last Nov, must be a pro, also 70% up since Aug.

Anyway, you're assuming a lot of things. May be you must have been asleep for the last few years.

Why not state the spread, and spread differential? You must be pinning all your hopes on Australia.:D

Did I forget. Predicted S&P500, 1250, end Dec05. Must have been off by 2 points.:cool:
 
Quote from volente_00:

T day tomorrow to kickstart the rally.

Sell off in bonds today + long Easter weekend, would suggest lackluster volume. Restrictive range tomorrow, more probable.
 
Quote from Buy1Sell2:/Volente

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.

============
Buy1sell2;
And should note while Volente does not have your nickname[buy1sell2] he does trade derivatives like that , that is buy/Sell both ways. Ona day like yesterday in ES prefered polar bear side

And while we may very well be due for a rally;
ES=weekly down & 20 days down
SPY=same
YM =weekly down& 20 days down
DIA =same

So for short & medium trend traders trend =down trend ,
its a polar bear; trend in other words .

Actually probabilities are in Volente'sa favor calling bottoms in uptrend , since still in long trem uptrend:cool:

May rally Today; not a predicTion & ES & YM usualy accomodate both bears & bulls inTraday:D

murray, nickname T turtle
 
A nice T day makes for a Good Friday.
This recent selling was from those who had to pay capital gains on monday for all of the money they took from the shorts over the past year.
Watch the S&P tack on 10 points next week on a run back to 1300.


Have a Happy Easter !
 
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