Gotta love ZERO RISK in the SP500 = $$$

Discussion in 'Trading' started by makloda, Jan 27, 2007.

  1. It won't be. Tomorrow is a gap up and it will At minimum hit 570 on SPY and 490 on QQQ in May.
     
    #28151     Apr 30, 2025
  2. Businessman

    Businessman

    If we include after market price action in ES as part of today highs, including the next few hours, technically it's 30th of April for a few more hours. He could still be right.

    Unlikely as the market is ripping higher.. but you never know..
     
    #28152     Apr 30, 2025
  3. The futes are part of May 1st. Either way he will be wrong.
     
    #28153     Apr 30, 2025
  4. nitrene

    nitrene

    Well gloating at 0600 in this market is not a good idea. As for tomorrow it could be the reverse of today. Open at the highs and go straight down.

    But like I said before this market will go as far as the top tech companies go. The top 11 tech stocks make up 39% of the SPX & AI isn't finished yet so my guess is the SPX goes higher.

    Nothing else really matters. Starbucks & Nike collapsing doesn't matter since they bet their future on China and lost. Crappy management at Boeing doesn't even impact the DJIA anymore. Even a collapsing UNH doesn't matter much.
     
    #28154     May 1, 2025
  5. Thor

    Thor

    My original post was made 7 days in advance. Nothing has changed. :cool::thumbsup:

    If you say that my prediction is off, maybe, but I say that it is out of tolerance.
    (Out of tolerance (OOT) - Sometimes used to describe a machine or process which is not operating according to desired specifications. )

    Read my past posts, I've repeatedly said that reversal dates can vary by upto 3 days on either side. Its an inherent problem with reversal dates. :banghead:

    I've also said so here on the 24th
    My options position is on with not even the slightest interest to get out until it reverses. My short position in another market is already in profit. :strong:

    Don't get fixated on dates, this is a market that does things at its own time. :vomit:

    My typical profit on my trades is >3x. Even if this position goes to zero which won't happen easily, I'm still way ahead of the game.

    BTW, the premarket ES is about 1.5% up. I still expect the reversal and to make money from it :D
     
    #28155     May 1, 2025



  6. Can you imagine missing the bottom ??
     
    #28156     May 1, 2025



  7. Update.
     
    #28157     May 1, 2025
  8. S2007S

    S2007S



    Who says the bottom is in....

    :D:D:D:D
     
    #28158     May 2, 2025
    HappyDays likes this.
  9. Businessman

    Businessman

    Nasdaq composite would have to go from 11,000 to 50,000 for that to repeat over the next two and a half years. It is currently at 17,700.

    And the schiller P/E cape ratio for the Nasdaq would have to reach almost 120 for that that to happen. It has never been above 60.

    Which would suggest it is possible for the Nasdaq to hit 25,000 sometime in the next 3 years in order to match the dot com peak valuation level. Although it could set a new record for valuations and exceed the previous level this time.
     
    Last edited: May 2, 2025
    #28159     May 2, 2025
  10. S2007S

    S2007S



    I don't think you can compare the start of the netscape rally to the start of the chatgpt rally....

    Will look back in about 5 to 10 years and see that the chart posted for comparison will be very very wrong.

    They may look similar now but will not be anything similar by the time it's over.
     
    #28160     May 2, 2025