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. You could test your theory by going short 1000 ES contracts on the open Monday morning!!!!
     
    #51     May 20, 2007
  2. was the close and depending on which feed you employ the intra top was anywhere from 1553.11 to 1552.87, on the 24th mar 00, so, if youre a tech-head then you have to ask about the validity of the empiric high versus the orthodox closing high..........haha

    and judging by the mass of numbnuts that say an intermediate top is due...........well, it's probably not :D
     
    #52     May 20, 2007
  3. ammo

    ammo

    makloda ,shorted on friday now i'm practicing saying it makes it true
     
    #53     May 20, 2007
  4. Hoping for a gap down for you bro. Good luck :)
     
    #54     May 20, 2007
  5. ammo, judging from the polls. it doesn't look like these "traders" are bullish enough.
     
    #55     May 20, 2007
  6. patoo

    patoo

    Where is the ole Thornbird when you need him? This nothing but up is getting boring:D
     
    #56     May 20, 2007

  7. congrats to Volente00 once again for the fade Rubberbird system$$$$


    I love 100% up room to go $$
     
    #57     May 21, 2007
  8. Are we close to topping out yet? :p
     
    #58     May 21, 2007
  9. My prediction of an intermediate term top formation BEGINS @ 1527 close. That's what i've been saying in every post I make on this thread.

    So I started this thread early. That's why the title says " S&P 500 very close..." And if I started this thread late you'd hear even dumber responses.

     
    #59     May 21, 2007
  10. You are about 225 S&P points too early with your "top" call. This is the level where the 10 yr bond yield and the S&P earnings yield will reach parity.
     
    #60     May 21, 2007