The S&P has topped

Discussion in 'Trading' started by volente_00, Mar 1, 2017.

The S&P has topped

  1. Yes

    39.0%
  2. Hell no you are smoking crack

    61.0%
  1. speedo

    speedo

    I agree but they are relatively few, and knowing "theory" can certainly help even them.
     
    #681     May 25, 2017
  2. Pekelo

    Pekelo

    Sure. Ask Volente how his understanding of the market has enhanced his short....

    (OK, I apologize that was mean)

    The point is, if I teach you one of my patterns, do you have to know the why? Of course not. Hey I don't even know why the dragon pattern works, I just recognized it and use it. Does it work all the time? Of course not, nothing does, but it works more often then not.

    And going back to music, I can jam on the guitar and keyboard but anytime I try to learn theory, I get bored out of my mind in 20 seconds...
     
    #682     May 25, 2017
  3. speedo

    speedo

    :D
     
    #683     May 25, 2017
  4. JSSPMK

    JSSPMK

    Theory won't benefit them much due to perfect pitch, theory is really for the ones that struggle to distinguish pitch. I rubbed shoulders with some of those guys, they were really incredible, all were brilliant in improvisational ability, can't learn that, you could learn to play all sorts of riffs, but that's where it will end really.

    Anyhow, I have over 20+ years in music, studied modern music/jazz, so speak from experience.
     
    #684     May 25, 2017
  5. speedo

    speedo

    I have 40 years, understanding permutations of modal and chordal possibilities can help regardless of natural talent. BTW, I stand in awe of the "naturals".
     
    #685     May 25, 2017
    JSSPMK likes this.
  6. Pekelo

    Pekelo

    Here is the weekly chart showing the target at the upper BB:
     
    #686     May 25, 2017
  7. Aj2014

    Aj2014

    Al ot of 2500 talk on twitter which I can certainly see being hit soon. I don't think they'll let it go down, personally. Any dip will be bought aggressively
     
    #687     May 25, 2017
  8. Howard

    Howard

    The S&P is topping every day on Elitetrader. :)
     
    #688     May 25, 2017
    propwarrior likes this.
  9. The S & P is never going to top nor is the DJIA. It's going to continue to go higher forever.
    Kinda like I recall back in late 1999 and early 2000.
     
    #689     May 25, 2017
    sellindexvol66 and Aj2014 like this.
  10. Aj2014

    Aj2014

    It actually never will 'top', though :)
    Higher prices are always guaranteed. It's always a matter of 'when'
     
    #690     May 25, 2017