Is this your thread? http://www.elitetrader.com/vb/showthread.php?s=&threadid=129067 Buy MOS @ $151 ?? Buy PCX @ 79 3/4 ?? Buy CLF @ $98 3/4 ?? stock turder, you managed to make an index of the worst performing large cap stocks over the last 7 months. Congrats! you lost -85% in only 7 months. I hope for your sake everyone is right and you are just a paper trader.
Thank you for this thoughtful rally this morning, helped me buy RFN and FAZ at discounted prices.....
According to my observations the biggest volume for XLF was on tops of todays move. Which means to me that financials are headed lower if not tomorrow then on friday.
I can see us getting to 800 soon. Maybe even 775......Worse case scenario is 750. No chance of it going lower. I have been trading many years and I am actually putting my money where my opinion is. PS. I'll be big time hedged (or bear) if we go below 750.
5 posts in 5 years--many thanks for posting on this thread! I believe there is a real strong chance of the S&P going below 750, even 700 ultimately. Not sure of the exact timing, but the next leg down will commence when bullish sentiment goes abit higher and a new shock of bankruptcies becomes reality.
Oh man, I was hoping no one would notice. I sure hope your analysis is wrong for the sake of the country and world. Many people will get hurt much worse. d-
I hope i'm wrong as well. But, the S&P traded around 500 in the mid 1990's before it exploded up, creating a massive long term double top around 1550. I believe the S&P could see 500 again, and the world will not end.