Will the S&P hit 1300 in February?

[volente_00]

Quote from independenceair:

The S & P weeklies are hitting the top side of its price channel
while the NYSE composite is forming a right shoulder (some quantitatives are showing divergence to add to it).
If the indices rally it'll be a good one with plenty of shorts to squeeze. This could be our "euphoric high" prior to correction- 30 year bonds have been rallying bringing yields lower- long side more difficult for lenders, the markets taking disappointments hard.

Interesting that the Nasd. and S & P didn't follow the $INDU which is likely just BROADENING its view.
OIL could help the Bears from here coupled with implied interest rate hikes ahead ...but we're only 12.75 pts away- anything could happen :eek:

The dow broke out on an inverted H and S and will drag everything up with it.


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

The S&P broke out of it's channel last week also.

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

 

[independenceair]

I see what you are refering to but an additional pattern has also taken shape- i f you'd be so kind as to have a peak at the attachment.

 

[rubberbird]

and with the S&P @ 1287.2, I still say that it won't top 1300 in February.

 

[rubberbird]

just checking for another ill-advised rah-rah post when the S&P topped out @ 1292 this morning

 

[no-problem]

I know you made very good calls previously and this call was good too. But right now 1300 looks like a piece of cake. May be we can touch it today if buyers show up in last 30-45 min. if not they still have one full week ( 5 business days ) to do that. It is only 15 more points to go.

 

[rubberbird]

Quote from no-problem:

I know you made very good calls previously and this call was good too. But right now 1300 looks like a piece of cake. May be we can touch it today if buyers show up in last 30-45 min. if not they still have one full week ( 5 business days ) to do that. It is only 15 more points to go.

That's why it will be so sweet when it doesn't get there.

 

[Perseus]

yeah but if it does the gay stalker will never shut up

 

[independenceair]

Five days to go , Nigerian troubles, CPI likely higher, Durable orders forecast lower- doesn't look like it, but you never know.

 

[volente_00]

Who cares about feb, I am long ES here at 1285 and looking for an easy 1300+ in march if not sooner.

 

[rubberbird]

Quote from volente_00:

Who cares about feb, I am long ES here at 1285

what a joke !! gs says he's long here, yet doesn't care about Feb trading ?!?!

try trading real money bozo, and you may then care about the next week.