Will the S&P hit 1300 in February?

"praise the Lord, today is my lucky day!"

I don't know what I did, or how I did it, but I think i've finally rid myself of 2 of the creepiest stalkers ever on ET. good-bye forever spydertrade and gaylente!

 

"Praise the Lord, today is my lucky day!"

Only 3 more days until the end of Feb. Only 2 more days for the S&P to not top 1300. Only 1 more day for the maggots to crawl back under their rocks.

 

I am so sure the S&P won't break 1300 in February that i'm considering retiring from ET if that happens.

 

The real queston is how big is your short position?

Based on your analysis where do you think it is going?

Regards

 

Back from Hawaii--


Still short at 1289. I will be looking for areas now to add to my short position.

 

why would you let a +20pt winner turn into a loser?

 

I am a longer term position trader. 20 pts is not usually a large enough winner to interest me. This position is a tiny portion of my portfolio at the moment. I will be looking to average into a bigger short position at some point. That being said, I may dabble in day trading soon just as a new strategy to use in my arsenal as well.

 

bird, while this is good entertainment could you please share some insight? why won't it crack 1300?

 

thr "w" pattern on the S&P 500 index. my optimal scenario places the index in 5 year high territory possibly between 1295-1300, before sharply selling off, and defining a broader topping pattern.

 

LOL, not only is the S&P going to 1300, but once we crack it we are heading to 1340 min in 2006.