Will the S&P hit 1300 in February?

[newbunch]

Quote from NTB:

Does anyone see a head and shoulders top forming in the S&P or am I imagining it? I'm not one that buys into big technical patterns, however, I'd like to hear thoughts. Thanks

H&S. Lower highs, lower lows. Negative divergence in MACD. Doesn't look good.

Right now, we are fighting at the 50 DMA. Today could be key.

 

[seleukos]

Quote from NTB:

Does anyone see a head and shoulders top forming in the S&P or am I imagining it? I'm not one that buys into big technical patterns, however, I'd like to hear thoughts. Thanks

Yes, wait 1274.5 about and sell: stop loss 1275.9. Otherwise close at 3.45 pm NY time

 

[volente_00]

If everyone sees it, then you are tricking yourself, the pattern is not textbook, ask those who shorted the h and S on the dow back in october how thignsa turned out.




http://stockcharts.com/def/servlet/SC.web?c=$INDU,uu[h,a]daclyyay[dd][pc20!c50][vc60][iUb14!La12,26,9]&pref=G

 

[Buy1Sell2]

I had thought that I had seen that, but Volente indicated that he didn't think so. Not certain --

 

[rubberbird]

Quote from Buy1Sell2:

I had thought that I had seen that, but Volente indicated that he didn't think so.

so from that you know that it is there. it's an obvious formation.

 

[volente_00]

Quote from rubberbird:

so from that you know that it is there. it's an obvious formation.

Since you shorted the last one at 1180, tell us how it turned out for you ?



http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]daclyyay[dd][pc20!c50][vc60][iUb14!La12,26,9]&pref=G

 

[jackbyrd]

I see that Mr. Volente is at it again. First, he tried to catch an assortment of falling knives and failed at that. Now, the market bounces and he attempts to imply that he is long from who knows what price. Better yet, he had the teen trader emphatically support his long position at the exact highs during the 30 year auction. A real comedy troupe, these two. Good day.

 

[volente_00]

one could also say we may be forming the head of an inverted h&S


http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]daclyyay[db][pc20!c50][vc60][iUb14!La12,26,9]&pref=G

Personally I see a falling wedge forming.

 

[volente_00]

Quote from jackbyrd:

I see that Mr. Volente is at it again. First, he tried to catch an assortment of falling knives and failed at that. Now, the market bounces and he attempts to imply that he is long from who knows what price. Better yet, he had the teen trader emphatically support his long position at the exact highs during the 30 year auction. A real comedy troupe, these two. Good day.

According to you I never sold my long from 1264.25, So then you must assume you were either wrong before and I sold it 1268 or you are wrong now and I am still long from 1264.


funny how you just got busted with your other alias. Grow some balls and post your prediction on my s&p 2006 range thread, or you can just continue being another armchair quarterback.

 

[jackbyrd]

Quote from volente_00:

According to you I never sold my long from 1264.25, So then you must assume you were either wrong before and I sold it 1268 or you are wrong now and I am still long from 1264.


funny how you just got busted with your other alias. Grow some balls and post your prediction on my s&p 2006 range thread, or you can just continue being another armchair quarterback.

Please, continue your self destruction in front of the audience. At this point, it might be an insult to Mr. Apex Capital to compare the two of you.

Once again, as I said, you are the perfect human fade. Good day.