The S&P will see 1000 before 1100

Dumb money is extremely bullish. SELL! SELL! SELL!

http://www.thestreet.com/story/10600307/3/dow-closes-at-09-high.html

1 What would best describe your stance heading into the coming week of trading?

Bullish 55.17% 48 votes
Bearish 34.48% 30 votes
Neutral 10.34% 9 votes

 

Who the fuck cares?

Just trade the tape.

 

Ditto. Let's see what happens.

 

History shows that the week after OP EX is usually down, but will it make it back down to 1000? I doubt it.

IMO, the SPX high will be the 1100-1150 area and that should happen in Sept or Oct... I lean more towards Oct.

Regardless of when the exact pivot point downturn comes, we should all be getting ready to short this market.

What I'm really wondering if the USD will diverge like it did during the last big downturn. I don't think that will happen this time because China is dumping the USD and buying all the gold they can get.

 

I believe i've found a very accurate new indicator right here!

 

And the rally continues.





1100 is coming very soon.

 

Because 3/4's of the posters on this board are net losers

Also, there is no doubt there is a bearish bias on ET.

 

That thread was amusing. I love when cockiness comes back to haunt people.

 

I agree with this statement. But 1100 is still a 2 to 1 favorite and the masses like to play favorites.

 

S&P 500 INDEX,RTH(SNP: ^GSPC)
Index Value: 1,071.66
Trade Time: 4:59pm ET
Change: 7.00 (0.66%)
Prev Close: 1,064.66
Open: 1,066.35
Day's Range: 1,066.35 - 1,073.81



1071 < 1065