Will the S&P go to 1000 or 1200 ?

[MKTrader]

Quote from Tsing Tao:

double top eliminated. oh well.

Not so fast...let's see where it closes. Talk about a "fade the gap" opportunity this morning!

 

[Tsing Tao]

Quote from MKTrader:

Not so fast...let's see where it closes. Talk about a "fade the gap" opportunity this morning!

bam, you were right! false breakout.

 

[fly down]

Quote from Tsing Tao:

double top eliminated. oh well.

No its still there. Watch the close. If it cannot close over 1150 then you may have seen the top today.

 

[failed_trad3r]

Quote from ScalperJoe:

This may explain the "run up" to 1,200 before the plunge back to 1,000 or lower:

From Investopedia.com, definition of "window dressing"

"What Does Window Dressing Mean?

A strategy used by mutual fund and portfolio managers near the year or quarter end to improve the appearance of the portfolio/fund performance before presenting it to clients or shareholders. To window dress, the fund manager will sell stocks with large losses and purchase high flying stocks near the end of the quarter. These securities are then reported as part of the fund's holdings."

Certainly looks like it so far this week, with today being the last day of the quarter.

lol? trying to find reasons to stay short? Don't they call that "wishful thinking"?

 

[MKTrader]

Highest daily volume in the last month for most of the major ETFs (SPY, QQQQ, etc.) while everything spiked higher then closed lower.

Sorry, bulls, but that's doesn't help your case...

 

[Tsing Tao]

Quote from fly down:

No its still there. Watch the close. If it cannot close over 1150 then you may have seen the top today.

looks like it might try for it again today (friday). no stopping the printing press and helo ben!

 

[failed_trad3r]

Quote from Tsing Tao:

looks like it might try for it again today (friday). no stopping the printing press and helo ben!

lol euro at 1.37 alrdy the bears got it wrong. AGAIN

 

[MKTrader]

Quote from failed_trad3r:

lol euro at 1.37 alrdy the bears got it wrong. AGAIN

Same thing happened yesterday...

I love these overexcited bulls. This rally is moving on fumes now..

 

[Tsing Tao]

Quote from MKTrader:

Same thing happened yesterday...

I love these overexcited bulls. This rally is moving on fumes now..

fumes is plenty with the fed offering to print until the end of the world. dudley just spoke out this morning and said it again "further action is likely warranted". qe2 all the way, market could care less about your (or anyone else's) technicals.

 

[Tsing Tao]

and here we go!