The S&P put in a short term top on 2/20/07

Discussion in 'Trading' started by volente_00, Feb 20, 2007.

Will the S&P close higher than 1464 before if first declines to 1444 ?

  1. Yes

    6 vote(s)
    24.0%
  2. No

    19 vote(s)
    76.0%
  1. JSSPMK

    JSSPMK

    when the top is truly in, you will know, everybody will know that market has topped as it will break through all major daily support levels much faster and fiercely than on the way up. Then sell pullbacks towards weekly support levels. Why guess?
     
    #21     Feb 24, 2007
  2. No need to tell them the obvious, let them think what they will, hopefully they're putting their money where their mouth is and will contribute to the coming upside short squeeze.

    Jimmy Jam
     
    #22     Feb 24, 2007
  3. How many times will one allow themselves to get stopped out in a series of seemingly endless dips, before capitulating? Think 2002.

    If you're bullish, you're bullish. I would never say you're wrong. We all can only form our own hypotheses, and implement our rebalancing strategies.
     
    #23     Feb 24, 2007
  4. JSSPMK

    JSSPMK

    Why would someone want to call a top here I don't understand, it's a Russian roulette, just look at the chart, we are talking charting basics.
     
    #24     Feb 25, 2007
  5. Yeah, I don't see any of those endless dips that you're referring to in the previous post, LOL.

    2002 :confused: , Vol's calling Tops in a runaway bull market.

    Smart.

    JJ
     
    #25     Feb 25, 2007
  6. volente_00

    volente_00

    Moving averages and option interest.
     
    #26     Feb 25, 2007
  7. volente_00

    volente_00



    Sheesh, my prediction was for a 17 and then 34 point drop from 1461, not a 500 point bear market drop.
     
    #27     Feb 25, 2007
  8. S2007S

    S2007S



    Didnt you mean YouTube....

    Facebook had the chance to sell out to yahoo months ago but didnt, I think it was a foolish move. Yahoo was going to offer more than a Billion and they turned it down. Fools.:p :p :p
     
    #28     Feb 25, 2007
  9. volente_00

    volente_00

    :)
     
    #29     Feb 27, 2007
  10. nice call!
     
    #30     Feb 27, 2007