As of last Friday, Prechter turned negative on the DAILY TREND. He said that 1066 on the December S&P should not be exceeded. He's looking for some pretty large size downside potential from here, but of course needs to see a CLEAR 5 WAVE DECLINE in order to "confirm" that the top is in. Below 1058 and 1048 will add to his case. P.S. James Stock, Jr., I have no "aliases" on this board so please terminate the ridiculous BS.
Me thinks your still N-V-S. Maybe 1074 will shake Precter out, and he won't bearish. He's usually wrong.
Look closely, did I back off of my call that 1074 was about it for the year?? No! Even when it got close, I held. Now the $$ are comin home. Where's macal tissues today, or wiggle and his alias N-V-S???
Who really gives a rats ass what you think??? Does anyone really care? I don't think so. Besides, the bond market is the place to be, not the ES!!!
Nolan-Vinny-Sam (alias wiggle), What's an ES? I trade S&P 500 options, and when I put "top" parameters on each month, I then sell the corresponding calls, it's really quite lucrative. Some do actually give a rats ass what I think, as I've been more right than most around here. But heck, say what you want, even use your alias.
For what it's worth I care what you think. I know you got good feel bro. I haven't been around much but we'll hook up in mIRC soon!
Thanks Pabst, your opinion counts big in my book. And lookie what I've figured out, the idiot Nolan-Vinny-Sam is really wiggle. This is no big surprise, as he's a pest here, and in chit chat. N-V-S will be eating a big dick sandwich when GWB is re-elected.
"Stop with this "ego" nonsense. I'm not declaring victory on the stock market, I'm looking for an intelligent dialogue about the "possible top". Hard to get it here. I don't like being on Prechter's side. Tell me when he changes." You Sir are nothing but a CHEERLEADER and are obviously not interested in an "intelligent dialogue" about the possible top. Oh, and please let us know when you start trading futures with the BIG BOYS. My guess is never. Ciao Cheerleader!
Nolan-Vinny-Sam, I am interested in an intelligent dialogue. Help me out, and stop posting this crap. You mentioned Prechter, I answered. Mention something else relevant to a toppy S&P, and i'll answer that too. Cheerleader? Yeah, loved to bag them in high school, but it has nothing to do with the serious career of trader. BTW, I keep this thread alive b/c it's still 2003 and there are more calls to be sold. Calls that expire in 8 days. And if you're following this thread closely, you would know which calls I was selling (and cashing in BIG on!!)