Will the S&P go to 1000 or 1200 ?

will the S&P hit 1000 or 1200 first?

  • 1000

    Votes: 60 39.0%

  • 1200

    Votes: 80 51.9%

  • I cannot give an answer at this time

    Votes: 14 9.1%
  • Total voters
    154
Quote from EliteThink:

keep rolling the puts up. Cash prob hitting 1200 tomorrow...
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I now believe the S&P tops out at 1200-1220 max --where the April highs were, and i'm itching to start a new thread entitled "The S&P has just made an intermediate term top".
 
Quote from fly down:

I now believe the S&P tops out at 1200-1220 max --where the April highs were, and i'm itching to start a new thread entitled "The S&P has just made an intermediate term top".
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Maxwell Smart: missed it by that mutsh.

lol.

overnight es almost tagged cash 1200 high. Maybe looking at sideways for a few days before thrusting up for election.
 
Quote from fly down:

Actually as the top is in the process of forming, volume is low. At the time the top is put in place, the volume picks up and is high.
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volume is low in bull markets.. in all stages of bull markets.. which means the top could be far far away....
 
Also, price action dictates we are far from forming a long term top that starts a bear market. So thew news might be horrific (foreclosuregate) the market says otherwise.
 
Seems on days the market doesn't rally it trades sideways the entire day. Seems every time its about to drop it gets bid right up into slightly negative to positive territory. Days like today usually lead to another upswing, tomorrow the markets could make up any gains that didn't occur today.
 
Out of the last 17 trading days so far in October not including today the DOW is down 5 days and up 12.


Today will make it 5 down days out of the last 13.

Markets have been up 73% of the time so far in October.
 
About a third of S&P 500-stock index companies have turned in earnings, and the results once again look impressive. As of Friday, 83% of companies topped consensus earnings-per-share estimates, according to Thomson Reuters, which, if it holds, will be the highest proportion since 1994. Overall earnings are on track to rise 28% from a year ago, the fourth straight gain after nine prior quarters of decline.
 
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