S&P 500 very close to intermediate term top

Discussion in 'Trading' started by ghostzapper, May 14, 2007.

S&P 500 is very close to topping 5/15/07

  1. Yes I agree

    99 vote(s)
    55.0%
  2. No I don't agree

    49 vote(s)
    27.2%
  3. Not sure

    32 vote(s)
    17.8%
  1. Are we breaking down yet? ghostzapper, should I cover that 2000 ES short position that I initiated on 1505 :confused: It's at 1537 now :(
     
    #161     May 31, 2007
  2. Actually, today my money is on the 1% to 2% drop in the major indexes by today's close.
     
    #162     May 31, 2007
  3. Great, then I can retire!!! :p
     
    #163     May 31, 2007
  4. stktrdr

    stktrdr

    Here come the buy programs!
     
    #164     May 31, 2007
  5. stktrdr

    stktrdr

    Well.....those buy programs didn't take us very far. Expecting more programs to kick in around 11am which should take us to new highs for the day.
     
    #165     May 31, 2007
  6. have we "blown thru" the top yet ? LMAO

    And guess what, June (swoon) starts tomorrow. I'm expecting apologies from all the slugs who have infested this thread.
     
    #166     May 31, 2007
  7. LMAO. Can't wait for you to register a new nick :p
     
    #167     May 31, 2007
  8. Why would I do that ??

    This thread is my crowning jewel. I'm quite proud of it !
     
    #168     May 31, 2007
  9. Free money selling this intermediate term top !!

    Markets are staggering and are finished ! June will be negative starting June 1st !
     
    #169     May 31, 2007
  10. stktrdr

    stktrdr

    There ain't gonna be a june swoon. More like a june boon!

    Seriously, shorts will not be vindicated until Dow falls below 13,250 and the equiv move in other indices. So even if we come off 2% bulls are still laughing to the bank. I unfortunately got in late so I will feel some pain but most others will use a dip as a buying opportunity!
     
    #170     May 31, 2007