s&p just made intermediate term top @ 1326.7

Discussion in 'Trading' started by thorn, May 11, 2006.

Did the s&p top out @ 1326.7 ?

  1. Yes, I agree

    63 vote(s)
  2. No, it will go higher soon

    30 vote(s)
  3. not sure

    14 vote(s)
  1. thorn


    Intermediate = as in many months.

    the s&p has been unable to bust thru 1326.7 in recent days, and now has sold off abit. I say that 1326.7 marks massive resistance now.
  2. 4 weeks ago the unbelievable resistence was at 1315.

    this is profit taking. relax and treat it as an entry point.
  3. Have you checked whats backing up S&P ?
    How are they doing?

    Do you know?

    S&P isn't just an imaginary number, its an index.
  4. stktrdr


    the might thorn has returned with another bearish prognostication!

    Must be time to buy again...
  5. no, i don't know.

    i don't trade the s&p. my sectors are doing well.(industrial metals and commodities.)

    there is always a bear market and there is always a bull market. bad day if you trade the "broad" market, but i'm doing fine.(check ATI, TIE, aauk, zolt.)

  6. Any reason you are making this prediction 2 days late after the spoos already sold off 20+ points ?
  7. The same reason you remind everyone of your bullshit calls on up days. The pendulum swings both ways dimwit.
  8. Except my calls come when the index is actually trading at the same level as my prediction on the same day.

    This nonsense is like me posting today that the s&P made a bottom at 1256 when it is is trading at 1305 today.
  9. neophyte321

    neophyte321 Guest

    any predictions for tomorrow? I bought some SPY puts
    at 131.50. Wondering if I should hold after hours.
  10. stktrdr


    my humble prediction is that you will lose money
    #10     May 11, 2006