I'm not familiar with your "S&P bottom predictions" past performance. Congrats! What are you basing today's predictions on? It seems obvious to me that S&P will go lower between now and the end of May, and that it will not touch 1330 in the mean time... Quote from volente_00: Back again, going for 5 for 5. I say we saw yet another short term bottom in the S&P today at 1283. Short term target in the 1334 area between now and the end of May.
Buy1sell2, perhaps I used poor wording. The bears will have trouble keeping us under 1290, instead of getting us under 1290.
What do you mean incestuous mkt ? <FONT arial>Main Entry: <B>in·cest</B> <IMG src=http://www.m-w.com/images/audio.gif> <BR>Pronunciation: 'in-"sest<BR>Function: <I>noun</I> Etymology: Middle English, from Latin incestus sexual impurity, from incestus impure, from in- + castus pure -- more at CASTE : sexual intercourse between persons so closely related that they are forbidden by law to marry; also : the statutory crime of such a relationship </FONT>
I still see an issue though with the wording of where we were headed. There was a specific mention of 1330. I am assuming cash didn't get there since futures made 1324. (You may recall my prediction for a top at 1325 and a low under 1200 during 2006--prediction was made when we were still well under 1300). -- I just don't think the last prediction has had time to mature yet. We haven't made the target or pushed well below the 1290 either.
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So far I like what I see, last time the poll was this lopsided we ran 40 points and pissed a bunch of shorts off.
This is so stupid! But to amuse the amateurs, I predict the spread between futures and cash will narrow as we approach the June expiration. Then, amazingly, the spread will be wider with the new September futures. Just you wait and see.....
I second that. I will also go one better and say that the Sept future spread will also narrow, before another widening with the Dec contract rollover.