Will the S&P go to 1000 or 1200 ?

[krazykarl]

Quote from S2007S:

Consumer confidence falls hard and stocks move up.

what's your point?

 

[Petsamo]

Quote from S2007S:

Consumer confidence falls hard and stocks move up.

Have faith. The bulls need to bust previous day's high of SPX 1150.

Europe finished the day virtually unchanged with lower highs and lower lows on their daily chart.

 

[failed_trad3r]

Put your seatbelts on. The ride up will be hard and fast!

 

[MKTrader]

Quote from krazykarl:

what's your point?

This is all about POMO, not reality.

 

[Tsing Tao]

Quote from fly down:

The 1150 level on the S&P is proving to be formidable resistance. To me, it looks like a double top has formed between 1148-1150. Lower priced ahead.

double top about to be tested it would seem.

 

[krazykarl]

Quote from MKTrader:

This is all about POMO, not reality.

what market action do you need to see to be convinced of reality?

 

[Tsing Tao]

Quote from krazykarl:

what market action do you need to see to be convinced of reality?

sorry, i don't mean to butt into your argument, but the words "market" and "reality" really don't belong in the same sentence together.

 

[MKTrader]

Quote from krazykarl:

what market action do you need to see to be convinced of reality?

A rally with zero funding from the Fed...no POMO, no QE, no juicing at options expiration. Any idea how much they're really contributing?

Having said that, we may be seeing shades of late 2007. All this Fed activity boosts stocks, gold, non-Dollar currencies and Treasuries for awhile, but stocks are the first to fizzle out....

 

[krazykarl]

Quote from Tsing Tao:

sorry, i don't mean to butt into your argument, but the words "market" and "reality" really don't belong in the same sentence together.

I totally agree, that's not what the market is for. Anyone who thinks otherwise is a failure.

 

[krazykarl]

Quote from MKTrader:

A rally with zero funding from the Fed...no POMO, no QE, no juicing at options expiration. Any idea how much they're really contributing?

Having said that, we may be seeing shades of late 2007. All this Fed activity boosts stocks, gold, non-Dollar currencies and Treasuries for awhile, but stocks are the first to fizzle out....

Since you don't know when the Fed does anything specifically, your situation will never happen. The fed is not buying on the long-side every minute of every day - this is the new "normal" - trade accordingly.