The S&P will see 1000 before 1100

will the S&P see 1000 or 1100 first ?

  • 1000

    Votes: 47 37.3%

  • 1100

    Votes: 51 40.5%

  • I don't know/ I don't care/ another alias?

    Votes: 28 22.2%
  • Total voters
    126
Quote from birdstone:

S&P @ 1065.5

I got the magic words this morning.


The S&P will see 1000 before 1100.

If the S&P hits 1100 first, i'm wrong. If it hits 1000 first i'm right.

A trade would be to sell oct. 1125 & 1150 calls and sell spy's.

Take it to the bank amigos!
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I told you I had a foolproof system !
 
Quote from birdstone:

The odds are 2 to 1 in favor of the S&P hitting 1100 before 1000

So why is it that 6 of 8 (75%) votes favor 1000 first ?
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Go read a stats book please. Short term it looks like it will go to 1000ish but the trend is still intact. Unless it violates around the 960ish level its still very bullish for now. Bears can throw all the reasons they want to short the market but anyone who shorted the last 6 months got an ass whooping.
 
Quote from marketsurfer:

LONG.
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I found the perfect ET indicator ! First, smurf was finally long. Second, 30 of 53 (57%) of poll respondents favored upside to 1100. ET members are normally bearish biased, so 57% is a strong bullish figure.

Both are great contrary indicators. When the two ducks lined up in a row it was a strong sell signal and money in the bank. Trading is as $imple as that amigo$ !
 
FUNNY, RIMM IS DOWN SIGNIFICANTLY AH, down almost $10 bucks however the the s$p and dow futures are slightly positive and the NDX futures down only .25

Now if RIMM had been up $10 to over $90 a share the futures would be up 1/2% tonight and by 7:30am they would be up close to 1%.


Funny how one of the biggest tech stocks down $10 bucks isn't doing much to move the futures to the negative side.
 
Quote from birdstone:

First, smurf was finally long.
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You reveal your lack of integrity on Elite Trader by this statement, taken completely out of context. Surf regularly posts stock trade ideas and posted several "5 days down" long setups. This had nothing to do with his overall bearish index bias.
 
Quote from el pollo:

Who the fuck cares?

Just trade the tape.
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If elpollo chicken says fuck then his trading system works better?

Don't think so. That is why newbies like you wind up angry and cursing.

Must have lost quite a bit today huh?

Why not just use a methodology that works? Making a blanket statement like "trade the tape"

is

worthless.

I say "yippee" when I trade because my tradng brings me happiness.

Take calculated risks. That is quite different from being rash.
George S. Patton

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
 
Hahaha, imagine if rimm was up AH, the Dow would easily have gone to 10k. Rally that market tomorrow you foolish bulls.



FUTURES
*S&P FUT
____1048.80 ______ +4.50___ +0.43%
*DOW FUT
____9639.00 ______ +4.00___ +0.04%
*NAS FUT
____1704.75 ______ +5.25___ +0.30%
 
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