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 noddyboy:

When you say things like that, do you actually trade on your statements? Or do you remain short?
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50/50 depends. I feel the market could push higher but I do know that short term its overbought, could it go higher, of course it can but we have seen times like this again and again, the market rallies to extremes and sells off very quick. Until I can find a solid catalyst other than stimulus money free bailouts and 0% interest rates than maybe Ill think about staying long and getting rid of my inverse etf positions. This market is going to take everyone by surprise, it may not be today or next week but when it does happen its going to be pretty significant.

Today however I closed my URE position at $45.45 after buying at around $43.50 and bought MZZ at $16.50.

Sold off my QLD earlier in the week at $61.00 and bought some TWM.

I have more inverse ETFs going into monday then long.

No need to fall for any rally in this market, like I have said the SPX can break above 1500 in 12 months and collapse right back below 1000. No one saw the credit bubble popping and the markets collapsing 50%, everyone was buying ever so happily in 2007 like the markets were going to go straight up and never come down, many were proven wrong, the same thing is going to happen over and over. There is no need to rush in and buy this market, everyone will get the chance to buy the SPX below 1000 once again.
 
Quote from Tsing Tao:

really?

this weeks action of no volume, no movement makes you think we're in a new bull market?

you're channeling your moniker arent you.
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a bull market = low volatility + low volume
 
Quote from S2007S:

50/50 depends. I feel the market could push higher but I do know that short term its overbought, could it go higher, of course it can but we have seen times like this again and again, the market rallies to extremes and sells off very quick. Until I can find a solid catalyst other than stimulus money free bailouts and 0% interest rates than maybe Ill think about staying long and getting rid of my inverse etf positions. This market is going to take everyone by surprise, it may not be today or next week but when it does happen its going to be pretty significant.

Today however I closed my URE position at $45.45 after buying at around $43.50 and bought MZZ at $16.50.

Sold off my QLD earlier in the week at $61.00 and bought some TWM.

I have more inverse ETFs going into monday then long.

No need to fall for any rally in this market, like I have said the SPX can break above 1500 in 12 months and collapse right back below 1000. No one saw the credit bubble popping and the markets collapsing 50%, everyone was buying ever so happily in 2007 like the markets were going to go straight up and never come down, many were proven wrong, the same thing is going to happen over and over. There is no need to rush in and buy this market, everyone will get the chance to buy the SPX below 1000 once again.
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Thanks for the reply -- the reason I asked is because Monday rallies seem like a very reliable pattern this year, either due to merger news or China currency revaluation news over the weekend. The latter seems to be due to the fact that people pour money into emerging markets hoping to get the currency gain as well as regular stock gain, and then the rest of the market interprets this as a bullish sign and computers trade everything up.
 
Quote from noddyboy:

Thanks for the reply -- the reason I asked is because Monday rallies seem like a very reliable pattern this year, either due to merger news or China currency revaluation news over the weekend. The latter seems to be due to the fact that people pour money into emerging markets hoping to get the currency gain as well as regular stock gain, and then the rest of the market interprets this as a bullish sign and computers trade everything up.
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I haven't tracked them lately, but the "Monday up" seemed to stop working from April to mid-summer. During that tmie Mondays actually had a net loss (for the ones I tracked). They may have worked for the last few weeks, but overall it was just a temporary seasonal phenomenon--not a long-term pattern with any consistency.
 
Quote from noddyboy:

Thanks for the reply -- the reason I asked is because Monday rallies seem like a very reliable pattern this year,
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Thank you for the contribution noddyboy.

My favorite type of trade is to sell the higher openings. That's what i'm doing at these levels.

I see tuesday as being biased downward. What do you think?
 
would have been the lowest quad witch in history had it not been for the machines gunning 1Billion shares on close.

no one takes part in this market anymore but the machines
 
Quote from Tsing Tao:

would have been the lowest quad witch in history had it not been for the machines gunning 1Billion shares on close.

no one takes part in this market anymore but the machines
More...
I think buainess will pick up in the next few weeks. I'm looking to sell into strong openings, especially openings that put the S&P around 1140-1150
 
Of course 1000!

But why limit 1000? Its beginning and not and end.

saee!
honestadviser(?? ) just search in Google
 
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