Will the S&P hit 1300 in February?

[Buy1Sell2]

Quote from volente_00:

LOL, not only is the S&P going to 1300, but once we crack it we are heading to 1340 min in 2006.

I will add to my short at least twice between here and 1400. I would actually like to see the rally here to give me some better prices to short.

 

[volente_00]

Quote from Buy1Sell2:

I will add to my short at least twice between here and 1400. I would actually like to see the rally here to give me some better prices to short.

Why ? What is wrong with making money on the long side ? Or are you hedging a long portfolio with ES short ?

 

[Buy1Sell2]

longer term position play. Market will finish 2006 and I think mid to late 2007 well below 1300. My initial trades are "probes" with which I look to get in at a better average price for the big move. The initial trades are very small in nature and the money I would have made on the long side is tiny right now

 

[William Rennick]

Quote from rubberbird:

thr "w" pattern on the S&P 500 index. my optimal scenario places the index in 5 year high territory possibly between 1295-1300, before sharply selling off, and defining a broader topping pattern.

To expand on what the Birdman said, watch the weekly chart for the formation of twin areolas and a wedge formation directly underneath, HUHUHUHUHUHUHUHUH



O O


.

V

....Rennick the Chartman out

 

[Johnny Walker]

Buy1Sell1 do you have fundamental reason behind this belief.

 

[Buy1Sell2]

Quote from Johnny Walker:

Buy1Sell1 do you have fundamental reason behind this belief. [/QUOTE

Three reasons --

Housing will cool with further rise in rates. Bond yields will rival stock yields.


Commodity prices will weigh on stocks

Stocks are cyclical in nature and we are due during the next two years for a sideways market at best

 

[William Rennick]

Quote from Buy1Sell2:

Quote from Johnny Walker:

Buy1Sell1 do you have fundamental reason behind this belief. [/QUOTE

Three reasons --

Housing will cool with further rise in rates. Bond yields will rival stock yields.


Commodity prices will weigh on stocks

Stocks are cyclical in nature and we are due during the next two years for a sideways market at best

Did you guys catch "BUYS" prediction??,,, MORTGAGE THE HOUSE,, GO LONG, FULL MARGIN for the next 2 years.!!!!!

 

[rubberbird]

Quote from William Rennick:

Did you guys catch "BUYS" prediction??,,, MORTGAGE THE HOUSE,, GO LONG, FULL MARGIN for the next 2 years.!!!!!

mr. Rennick, while I find you funny, there's no room on this thread for this type of sarcasm. Please refrain. Bird over and out.

 

[local_crusher]

Very likely that the ES will see 1300 today.
The cash probably as well.

 

[EqtTrdr]

Quote from local_crusher:

Very likely that the ES will see 1300 today.
The cash probably as well.

that would just reak of total awesomeness$$$

I love 100% up room to go