This is a complete lie--surprise, surprise. I started this thread on 4/6 which was a few days ago. "Days later" would be today. Look at when I gave my reasoning, and then try to come back and lie to everyone about the amount of time inbetween starting this thread and giving reasons. As far as "unfounded" statements. Another lie. Looks like what I predicted is "founded" so far.
All major indices are at historical resistance points... We still have a "jobless" recovery since most the the jobs in the latest report were temp jobs... We have an unsettling geo-political environment... Corporate earnings are looking good, but some are starting to disappoint, and expectations may well be too high... The Fed is powerless to stimulate the economy, since interest rates are already at sub-terranean levels... What leads one to believe that we have an environment for a breakout of the resistance levels? (I'm not shorting yet, but I'm curious why anyone would be strongly bullish)
Logically, there are more reasons to be bullish than bearish. In response to new to zoo: you will post whatever bs you want and decide in your illogical mind is worthwhile. I'm not going to waste my time with you any more. If anyone is dumb enough to believe in your posts then they deserve the same fate as you. Let's also remember that you're afraid to meet my challenge, and afraid even as things are somewhat going your way. We are only a day off the SPX top. You're miles away from your prediction of a correction. You did post your reasons a long while after your prediction. It took extreme promting to get anything out of you. I think you found your reasoning when the pressuring of detractors became undeniable.
It appears once again that we have several "new" aliases of James Stock working as hard as ever to defend his frail little Ego. Very touching. Hee hee!
What ego comes with being anonymous? By definition, if you're anonymous, there's no ego. Duh. How about asking a trading related question to the impending correction.
Did anyone play this strategy? Worked out great for me today. I sold the opening. Like I said, massive resistance at 1150.
Does ET not appreciate good trading analysis? Is there not a single person who can say, "way to go, zoo!"