The S&P will end 2005 @

[drmarkan]

I would have to say 1330.00. I also think oil will break below $50.00.

 

[rubberbird]

Quote from drmarkan:

I would have to say 1330.00. I also think oil will break below $50.00.

well I hope oil does break below $50.

let me ask you something, you see all the bullishness on this thread and poll, the prevalent thinking of a "december rally", doesn't it look too obvious?

 

[acronym]

1118. Or 1811.

 

[HAPPY FACE]

GUARANTEED UNDER 1200.
:eek:

 

[rubberbird]

last chance to win $20 and other prizes.

deadline for predictions for year end S&P close is sunday 11/27

 

[drmarkan]

Quote from rubberbird:

well I hope oil does break below $50.

let me ask you something, you see all the bullishness on this thread and poll, the prevalent thinking of a "december rally", doesn't it look too obvious?

I know what you're saying here, but I have had this level in mind since August. I bought SPY $118.00 and am holding them. I really think oil is worth $40.00 a barrell and originally felt that we would see $45.00 before the end of the year, but that is coming upon us quickly. I would just like to see it break below $50.00 at this point.

The last piece of the puzzle was seeing energy inflation decline, which it did in the last report. Now, if the fed holds the rate at 4%, we are going to see some crazy shit going on. I like even numbers, and I think the fed does too.

 

[rubberbird]

Quote from rubberbird:

let me ask you something, you see all the bullishness on this thread and poll, the prevalent thinking of a "december rally", doesn't it look too obvious?

is there anyone else who voted for more upward action that wants to address the pont that I made in above quote. Too much optimism for my taste.

 

[Charlie Dow]

Quote from rubberbird:

is there anyone else who voted for more upward action that wants to address the pont that I made in above quote. Too much optimism for my taste.

I for one just read price RB, I have no clue as to where price will be on 12/31/05. I'm just concerned either swing or intraday where price is going when I place my trade . . . lol. My comment is with the Market making new highs that it will continue up until we start seeing a break down up here. A guess is a guess and you got mine.

 

[rubberbird]

Quote from Charlie Dow:

My comment is with the Market making new highs that it will continue up until we start seeing a break down up here. A guess is a guess and you got mine.

I hear ya, Charlie. Shouldn't you factor in the excessive optimism present in crafting a conclusion, even for trading the next few days? A majority feel a December rally is a foregone conclusion. I'm just saying it seems too obvous.

 

[Charlie Dow]

Quote from rubberbird:

I hear ya, Charlie. But you need to factor in the excessive optimism present now in crafting a conclusion, even for trading the next few days. A majority feel a December rally is a foregone conclusion. I'm just saying it seems too expected and obvous.

We get somewhat of a Christmas rally every year. I see this year as no different. The only thing that would effect it would be something on the terrorist front and I would rather not think about that possibility. Right now and on Monday my concern is 1270.64 . . .

To tell you the truth, after the first of the year I will trading the EURO exclusively so . . .