S&P has had it ! Intermediate term top right here !

Discussion in 'Trading' started by ghostzapper, Jul 20, 2007.

Did the S&P make an intermediate top @ 1555.9 ?

  1. Yes I agree

    49 vote(s)
    40.8%
  2. No, I don't agree

    41 vote(s)
    34.2%
  3. I don't know / I don't care

    30 vote(s)
    25.0%
  1. MKTrader

    MKTrader

    BS = last hour = Smart money. Hmmm

     
    #71     Jul 26, 2007
  2. kudos to gosthzap; nailing a nasty top and the largest down day in months...just grande.
     
    #72     Jul 26, 2007
  3. The last I heard 1987 was ALSO a pre-election year. The August high from '87 held for the next 4 years.
     
    #73     Jul 26, 2007
  4. Yes ! You are correct, when I made this call w S&P @ 1536 there was a VERY LOW probability of the prediction being right. Maybe 5%. That's the beauty of this call.
    August 1575 calls were trading @ $10 ( that shows major premium).
    4 months is an eternity in the stock market.

    But alas, i make my living out of finding what the public assesses as "low probability", when I see it to be "higher probability". And I capitalize on the inefficiency. I've been doing it perfectly for 11+ years.

    What do you think is the current probability of this thread being correct for 4 months? Maybe 30-40%. Alot of premium just went my way.

    Take that to the bank amigo.
     
    #74     Jul 26, 2007
  5. Yeah, and he has an audited track "record" that he will be more than happy to show you . . .
    It's somewhere in a file folder, stuck between his bottles of haldol and thorazine at Bellevue Hospital, in NYC.

    He doesn't get many visitors there.
    But the little men in white uniforms do infact allow him an Internet connection to the "outside" World. The really neat thing about it is that his imaginary "banker" lets him sell as many out of the money calls on the S&P as he wants, and he doesn't even have to put up any margin money.

    :D
     
    #75     Jul 26, 2007
  6. Sounds like baron should be expecting another saturday night phone call from waggie / landis /apex capital anytime now ..history always repeats itself.

    call will go something like this , "waaaaah, i'm soo jealous of ghostzapper and all his thread views. No one will look at my eliot wave threads w him on this board. waaah! please ban him !"
     
    #76     Jul 26, 2007
  7. posted on monday..it's now raining $$..

     
    #77     Jul 26, 2007
  8. volente_00

    volente_00

    Congrats yapper, after shorting every rally since 1150 you finally got one right.


    :D
     
    #78     Jul 26, 2007
  9. Blah blah, I guess you can't say 'even pabst thinks so...wahhh" anymore.

    Didn't you feel stupid trying to make a point by using someone else's name ?
    Is this the way you stand up for yourself ??
     
    #79     Jul 26, 2007
  10. You know what they say . . .
    Even a broken clock is right twice a day.
     
    #80     Jul 26, 2007