The S&P will end 2005 @

[rubberbird]

Acronym 1118
Satchel 1177.25
Sportmatt37 1199
Topsurfi 1207
Jackbyrd 1225*
Perseus 1225.25*
Macroevent 1228
Lilduckling 1232.66
Rubberbird 1241
================ S&P closed 12/9 @ 1259.4
Chitownecho 1269
Agyar 1269.01*
Reno4nook 1278
Chiguy 1282.34
Wastrading 1287
Keafan 1292.06
RNRband 1292.75
Gingarte 1296*
Bitstream 1297
Balda 1300*
Spelunk 1304
Restricted 1308
Thewoodcutter 1310
Charlie Dow 1322.57
Drmarkan 1330
2manywhiners 1335.37
Nox 1337

 

[rubberbird]

from friday 12/9:

Quote from rubberbird:

since I see some have jumped on this up day as a rally renewal, I must throw water on this and say that the S&P will fade into the close today, and there will be no rally continuation next week, just a grind lower.

is this a grind lower today or what?

 

[brokerboy]

Quote from rubberbird:

since I see some fools have jumped on this up day as a rally renewal, I must throw water on this and say that the S&P will fade into the close today, and there will be no rally continuation next week, just a grind lower.

That’s a fair call but if S&P breaks 1260 in theory you would be wrong right? I personally think the economy is not good and markets are moving up because of tax cuts in corporate earnings. I just don’t see any reason to say it will go up or down though because its been like that for awhile.

 

[rubberbird]

Quote from brokerboy:

I just don’t see any reason to say it will go up or down though because its been like that for awhile.

I'm not quite following..

 

[jackbyrd]

It would appear the market is anticipating another Apex Capital prognostication.

 

[rubberbird]

looks to the bird that volatility will pick up this afternoon and run through thursday. this may be the last good volatility of the year. so the bird is looking for the infamous "first" direction the S&P takes after the announcement, and will go the other way. here's hoping for a brief rally right after 2:15pm that the bird can sell into.

 

[monarc]

so bird,
do you expect a rally after 2:15 announcement??? usually there will atleast a 4 point move in either direction after the announcement right...So a strategy that involves buying after a 2 point move up or shorting when there is a two point move downward, to close the positions after a 4 point move, effectively gaining 2 points per contract, work?? Does the above kind of strategy work?? or another strategy that involves waiting for 3-4 minutes after announcement and going the opposite direction in which it moved for the past 3-4 minutes work??

Any thoughts...The challenge would be to make it work with one contract....Any suggestions...

 

[rubberbird]

Quote from monarc:

so bird,
do you expect a rally after 2:15 announcement???

No. That's not what I said. Let's keep it simple, amigo. After 2:15, there are usually two significant "moves". The first move comes right after the announcement. I'm hoping that will be a bump higher so I can sell into it.

 

[monarc]

I dont do paper trade...I do real trading with my money...I guess you mistook me for somebody else.

 

[EqtTrdr]

go market!!!



we need over 1300 already!!


jam the shorts!