S&P has topped for 2006

this is the sour apple, the Trans. maybe thorn is a genius

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1253641>

 

by beak is getting tired of trying to drill into you all what this mkt is doing and is going to keep on doing for a while longer... and that is up, up, UP!

A pull back now is a good buying opportunity.... and its the only logical way to play this mkt. Its the way its been done for hundreds of years... because in the overall longrun it works best...... instead of guessing where the exact top or bottom is.

Some of you have a problem seeing the forest behind the tree.... because if you climbed up on a table would would see that we are on an uptrend..... and you dont short uptrends at the tops.... you short downtrends at the tops..... you buy the dips on an uptrend.

But hey its your $$...... do what ever you want.

Mother mkt is telling the bears to go fetch a hickory stick.......

 

lil duckling, i like you, but you have alot to learn my friend.

 

how bout the utilities too?

 

A couple of charts here, daily and weekly ESZ06 (sp dec emini).
The daily parabolic stop and reverse has reversed short; on the weekly chart the parabolic stop and reverse is sitting at $1352.00, this is also the daily 50 period exponential moving average. I will be watching that level closely.



“Time is more important than price; when time is up price will reverse.” W. D. Gann

 

weekly esz06.

 

bozo, you crack me up. I probably made more money today than you have in your entire trading account, yet you come to this thread and pretend you know something. You is a fool.

 

I'm curious what your call is based on. Gut feel? and what's up with these late day friggin rallies. It's like some old coke head with unlimited BP taking a double shot of viagra and bad coke and then going crazy with his buy buttons. Something just ai'nt right with this rally.

 

that's alot of posts per day for someone who just registered.
Care to tell us who you were in October 2006 and before?