Spx 2000

Discussion in 'Trading' started by jackstone54, May 2, 2008.

  1. I looked at the charts tonight to figure where the direction will be...I believe the recent correction was a macro move and we have about 780 points up to SPX 2000.

    You can also look at this like one big cup and handle. We just experienced the handle. The trend has definately changed. Those who thought the trend had changed in March were just guessing and gambling. However, price has moved through trend lines and triangles.

    By March of next year, the UYG will have doubled and get back to 70.

    I figure it will take about 12-24 months for the credit market to get back where it was.

  2. Take 12-24 months off the market. You life is going to be utter misery. The SPX is moving up in bullish pattern and it will be rallying upon your shrinking account value. Is that what you want? Be smart stop trading now.
  3. Div_Arb


    You back on the drink, Shooter?


  4. No.

    But you must be sitting on your cheap linoleum floor with a bottle of JIM BEAN on one side and blue- yellow puke on the other and chugging along good?