s&p just made intermediate term top @ 1326.7

There you go changing your resistance again.You have been saying to short this entire 100 point run First 1250, then 1265, , then massive at 1270, then joe namath at 1280. Then 1290. What are you going to say at 1340 ?

 

Short term is up in the air. Longer term the market's fine!
The next few days will be telling.

 

This will be my last post in this thread. This call that was made on 08/01 is now the number one and definitive call of the thread. Thorn was initially right with the top call but was too general with the time frame. What I recommend is that he start a new thread now with the new double top call and ask for this thread to be closed as the initial prediction has been blown.

 

Yeah, you've said that a few times already :eek: Don't break your arm patting yourself on the back will you

 

Wow, didn't know you had such a good sense of humor B1S2 !

The initial prediction has been blown? Really? Are you following the US stock market or the mexican stock market when you say this?

Not only has the prediction been golden for over 4 months, but the s&p just ran out of gas at the exact spot of the initial prediction. Please consult your s&p chart for confirmation.

 

Start throwing in your shorts at the ES. Even the Nikkei is starting to feel some pain once again.

 

We all prefer up to down. Unfortunately there is nothing but weakening oil and irrational exuberance to hold the market up. The volume has been unconvincing on up days. It looks as though we will slide into October and then truck on down. Look for support near 1310 in the S&P to be violated next week.

 

I've been in the bear camp for quite some time, but personally I think the market has enough legs to make new highs before we head back down. I see the dow with potential to make it to the 11725 area, and the s&P to the 1400 area.

Hell, even some utilities are now coming up as good shorts on my system right now which usually would not be the case if we were going lower anytime soon.

 

still closed below 1326.7

not giving it up easy, are they?

 

The S&P is now way above Birdys (Thorn) line in the sand. I've had the huge tar pot fired up early this morning, and she's starting to bubble. Once volente gets back with the feathers someone needs to drag thorn out of his moms house into the town square. From the looks of things we should have quite a crowd. You'd better hope for a miracle reversal rubberbird. I guess in all fairness we should wait til the close.