The S&P will top at 4540-4601

Discussion in 'Trading' started by volente_00, Aug 31, 2021.

Will the S&P top at 4540-4600 ?

  1. Yes

    27.5%
  2. No

    35.0%
  3. Volente is still crazy af but is a patient sob

    7.5%
  4. Destierro still makes 22 figures runs a 4.0 40 and squats 900lb with knee replacements

    30.0%
  1. https://www.elitetrader.com/et/posts/5511112/



    Even on Page 17 by the last post, nobody had a clue that a Top might have been printed - except for the op who did not voice his feeling then and then thread ended.

    And a reminder: The top call of such a bull run all the way from 2009 to 2022 is a splendid feat. Its where mettle is made. It deserves respect. Its tough tough tough but worth the effort.
     
    #171     Jul 27, 2022
    schizo likes this.
  2. easymon1

    easymon1

    Ahhhh... Santa Monica Sunshine. Enjoy!
    Nice bass groove. Pedal steel in a rock song. Moneymaker for sure.
     
    #172     Jul 27, 2022

  3. :thumbsup::)
     
    #173     Jul 27, 2022



  4. Santa Monica blvd. yeah, but I hang out on the benches along Ocean Avenue .............


    Those who want to meet with me, Nine_Ender is welcome :)



    Sometime I in Brentwood sometime I in Westwood
    Sometime I gone down to Ocean Avenue to check out the scene
    Well I'm always keeping on the move, I love to roam
    So I want the ladies to know its hard to find me at home


    I wake in the morning, I leaving the stables
    I don't know what time in the evening I'll be coming back
    So you see it don't make any sense for you to call
    You'll just be wasting your time
    I'm hardly ever at home at all


    So meet me on the Santa Monica Pier
    If you got no car you can get Bus 44

    So if you're interested to catch up with me, Nine_Ender
    Darling, I'll be delighted to make you so happy
    But remember you must do just what I say
    So follow the route and meet on the Pier


    Sometimes in the early afternoon I going down to Charlie's for fish and chips
    Then its of to Sylvia's for some prawn curry and rice
    When Sylvia is in a good mood there is for sure loads of underground foreign liquor
    So come and meet me at the Pier, you can't miss me, I'm easy to spot, 6ft 4
    Always in a Jeans jacket and white Nike cap


    :):sneaky::D




    [​IMG]
     
    #174     Jul 27, 2022
  5. SunTrader

    SunTrader

    Except the top was much higher than the OP and later on posts. :confused:

    Calling a top means no higher than that.
     
    #175     Jul 27, 2022
    bone likes this.
  6. easymon1

    easymon1

    Where'd those lines come from?

     
    #176     Jul 27, 2022

  7. Agreed. :)


    When a Top is called and its a bad call it means that the top is taken out. The op should immediately end cycle on that call and deem it a bad call. Close the book on it. Its done, done done.

    Then review and recharge and go back into battle and make a new call.

    Volente_00 has made many calls and if you look carefully there were a few times he was right in a sub-wave sort of way. I, sure as heck am not going to knock him down for any errors. He gets the benefit of the doubt if any in my book. Someday he will get it right. Its a hard and difficult road when even your best friends don't know that your job is turning Lead into Gold
     
    #177     Jul 27, 2022


  8. The lines came from one of the all time greatest artists, a black Man so was ignored by the west for the most part ................. he died a while back ............... RIP

    He is none other than Lord Kitchener and here is one of his performances that I absolutely love. See the fat woman in the audience? Just looking in her eyes one can tell that the sorrow within her life, her poverty, her agony, all of it melts the moment she sees Lord Kitchener - she is transported out of her treacherous world into the sunshine.

    Lord Kitchener does that kinda stuff to people in a big way









    Here's the woman in the audience .............


     
    #178     Jul 27, 2022

  9. :thumbsup::thumbsup:





     
    #179     Jul 27, 2022
    easymon1 likes this.
  10. See that op's Top Call cott the penultimate Top, just one inch shy of the all-time Top (assumed to be THE Top at this time)

    See grey ellipse.

    Bloody damn good performance I'd say. Who cares how many wrong calls there were before this? I don't. :)

    For Nine_Ender: the last upwave from the corona virus low March 23rd, 2020 the clearcut obvious trendline connecting wave 2 and wave 4 low and extended gives the exit point of the uptrend for this wave. Standard Wave operating procedure. Seee how nicely the exit performed! Bonus is that even if the Top is not THE Top, standard procedure requires a correction to at least 38.2% or 50%. You would have exited here with juicy profit and can always get back in later much later after the correction if you choose to.

    So as not to be a politician I am saying this top is THE TOP, nothing less.






    Now look to the right of chart for current action and lo and behold where SPX got to today. Booom! Right into a trendline of significanc. Yeah baby, there could be sparks. Catch it or cott it on the 5-min. manana. Play by ear






    [​IMG]
     
    #180     Jul 27, 2022