Will the S&P go to 1000 or 1200 ?

[noddyboy]

Quote from S2007S:

I want to know where its headed after 1200? Do bulls come out and get greedy like 1999 and 2007 and keep buying up the market until it peaks and then drops another 30-50% where the market now has to start all over again, seems to be the case for the last 10+ years, push the market to its limit and let it collapse only to start it all over again, I feel the same thing happening now. What the next catalyst will be is beyond me at this moment, bubble ben bernanke and friends can only spend so many worthless trillions to prop up an entire world economy.

Live in the present...after all you trade everyday don't you? When we get there, then trade accordingly.

 

[Nine_Ender]

Quote from fly down:

Here at S&P 1140 I am a more aggressive call option seller.

As opposed to 1080 or 1100 or 1120 when you made this call but didn't sell ?

 

[fly down]

Quote from fly down:

There may be some more upside to maybe 1140-1150, but I still say no to 1200.

Thread not looking good so far, let's see if 1140-1150 holds.

 

[S2007S]

Fuck 1200 this is going to 1250 according to these experts.


There’s also a reverse head and shoulders pattern in the chart of the S&P, explains Tim Seymour. Chart watchers now think the S&P can go to 1250. Considering we’re getting better data out of the economies of the world, enough positive catalysts are lining up – both fundamental and technical - that I think more money goes into stocks.

 

[Nine_Ender]

Quote from fly down:

Ok but actually I would sell S&P 500 Oct 1200 calls. But your idea is OK as the option is much more liquid.

Just fyi the calls you intended to sell would have gotten you 0.11 per contract ( opening price ) but would cost you 0.22 at the close to buy them back.

So in one day you effectively lost 100% of your initial amount on an investment with potential unlimited losses. This would be one of the few investments you make in your lifetime that could lose 1000% or more in a matter of days.

What do you have to say for yourself ? This kind of bad call can lose people serious money very fast.

ps I don't sell these vehicles if I have misunderstood something
someone can correct me.

 

[MKTrader]

Quote from S2007S:

Fuck 1200 this is going to 1250 according to these experts.


There’s also a reverse head and shoulders pattern in the chart of the S&P, explains Tim Seymour. Chart watchers now think the S&P can go to 1250. Considering we’re getting better data out of the economies of the world, enough positive catalysts are lining up – both fundamental and technical - that I think more money goes into stocks.

The S&P's inverse H&S has been obvious for awhile, though there's nothing like it for other indexes like the Russell 2000, which would still look very ugly on the bottom if it drops again.

Also, there's still a longer-term bearish H&S for the S&P that could hold if we don't go far above 1150. But honestly, I'm not sure how much any of that means. It seems like those patterns usually play out a bit (self-fulfilling prophecy effect) but rarely hit their "measured move" targets. It's possible that both the SP's H&S patterns have already had their impact.

 

[fly down]

Quote from Nine_Ender:

Just fyi the calls you intended to sell would have gotten you 0.11 per contract ( opening price ) but would cost you 0.22 at the close to buy them back.

if I have misunderstood something
someone can correct me.

Umm, you made the trade for me despite me saying otherwise. I told you that I trade the S&P 500 calls. This is from the previous page:

Quote from Nine_Ender:

So let's say you sell $20,000 in October expiry 120 calls on the bid price early Monday morning.

Quote from fly down:

Ok but actually I would sell S&P 500 Oct 1200 calls.

It's obvious who you are anyway. Nice try!

 

[Tsing Tao]

Quote from fly down:

Umm, you made the trade for me despite me saying otherwise. I told you that I trade the S&P 500 calls. This is from the previous page:



It's obvious who you are anyway. Nice try!

who is he?

 

[krazykarl]

Quote from S2007S:

Fuck 1200 this is going to 1250 according to these experts.


There’s also a reverse head and shoulders pattern in the chart of the S&P, explains Tim Seymour. Chart watchers now think the S&P can go to 1250. Considering we’re getting better data out of the economies of the world, enough positive catalysts are lining up – both fundamental and technical - that I think more money goes into stocks.

We'll likely go much higher. The move up has been on pithy volume - just wait until the cash on the sidelines comes back in.

 

[Tsing Tao]

Quote from krazykarl:

- just wait until the cash on the sidelines comes back in.

that ol' punch line, eh?