going to 1077 on the s&p500

Discussion in 'Trading' started by dotslashfuture, May 28, 2003.

  1. I didnt say it would never happen...just seems like an extreme call to me. Hey, thats what makes this mkt go around. I bet DotSlash wouldnt trade the way I do.
     
    #11     May 28, 2003
  2. THe S&P is on the verge of a magor leg down...40% or more. A lot of pain is just around the corner IMHO. :)
     
    #12     May 28, 2003
  3. Tea

    Tea

    I agree 1000 to 1070ish
     
    #13     May 28, 2003
  4. Monsoon

    Monsoon

    sp will trade between 900 and 1000 for the next day.. AT LEAST!!!!!!
    get in now we know where its goin!
     
    #14     May 28, 2003
  5. 885 before 1077.
     
    #15     May 28, 2003
  6. Dont know much about the longer term trading stuff,
    but it seems to me we at least need a pullback to rest
    before we blast through the resistence zone we
    are currently touching.

    If it just went straight through, without some rest, I would
    be pretty surprised.

    That said... im not placing any bets.

    Why? I don't trade without a plan. I have no long term
    EOD plan for SPY, etc..

    peace

    axeman
     
    #16     May 28, 2003
  7. JT47319

    JT47319

    (1077 - 800) * 50% = 138.5
    (1077 - 138.50) = 938.5
     
    #17     May 28, 2003
  8. thx for doing the math
     
    #18     May 28, 2003
  9. Look at the VIX, look at the overwhelmingly bullish sentiment, look at the trend lines and moving averages!!! I think you are all smoking something. Sure the market may go a little higher and may not unwind for a month or two, but I believe the ugliest move to the downside yet is at hand. This is the one that will make people sick to their stomachs...get flat then short while you can.:)
     
    #19     May 29, 2003
  10. sorry, still long only. there isn' t a good short in site.
     
    #20     May 29, 2003