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. That's what i'm talking about. Game on after long weekend .
     
    #61     May 21, 2007
  2. This thread will kick in right after the long weekend. It's clear as an azure sky.

    From the beginning of June thru the second week of June, the S&P will make a final top to coincide with the 2000 highs, and then proceed to correct. This will be an intermediate term top.
     
    #62     May 22, 2007
  3. volente_00

    volente_00







    Then why does the your first post say 1503.2 ?




    :confused:



    Is it just pure coincidence that the S&P gained 27 points in the next 4 days after this top call was made or is this guy related to thornybird ?


    http://finance.yahoo.com/q/bc?s=^GSPC&t=5d










    :confused:
     
    #63     May 22, 2007
  4. Because you said this is topping out within one month. Nearby out of money puts is like the best way to play that type of setup.

    Tell me how you playing your top calling setup?
     
    #64     May 22, 2007
  5. Next week, I will short a few stocks for a few days.
     
    #65     May 22, 2007
  6. Bulls make money
    Pigs make money
    Bears get slaughtered......
     
    #66     May 22, 2007
  7. This is the only Wall Street adage that has always and will always be true.
     
    #67     May 22, 2007
  8. werd
     
    #68     May 22, 2007

  9. bro.....those are the most enlightening words on trading i've ever read.......thanks - fellow dipster.
     
    #69     May 22, 2007
  10. So we are getting closer to the top yes? ES Up 0.21% on my screen, are we close yet?

    :p
     
    #70     May 22, 2007