S&P 500 cash weekly competition for 2013

[Talbs!]

Atilla stick me in for 1501 this week ! Cheers !

 

[timsk]

Best to follow the trend imho. Lost enough to learn I don't know where it will go. Much safer being a sheep in a heard than a wolf... Sadly so.

For anyone taking this thread remotely seriously - this is very sound advice, IMO. Spot on Atilla, as usual.
Tim.
(PS. Caveat: this is my personal opinion - NOT an 'official' T2W view!)

 

[samspade79]

Going to be stubborn again. 1490.

 

[Mr. Crabs]

Yes very much so, but I see resistance at 1530 (R1) and based on charts from close of last year we are at highs.

I'm thinking some retrace is inevitable. I have 1500 - 1440s as target. But my system says unless we make lower high / lower low, stay on the road Jack and never look back

If volatility is kept down this run could extend well into blue skies without even a major retrace. That would be the ideal fashion for big money to begin liquidating positions. Green weeks with scattered red days in between.

 

[China Diapers]

1525 pls

 

[Vicorka]

1511

 

[Mr. Crabs]

1525 pls

I'm on 1525 too. It's a bit of a stretch but it could happen.

 

[China Diapers]

I'm on 1525 too. It's a bit of a stretch but it could happen.

I've not looked at an S&P chart in days, just plucked that number out of thin air

 

[samspade79]

I'm on 1525 too. It's a bit of a stretch but it could happen.

Not much of a stretch now! 2 days in lol

 

[Atilla]

 

[Mr. Crabs]

Not much of a stretch now! 2 days in lol

If we keep up yesterdays pace through the week I'll be short in my prediction. This bull run has been incredible.

 

[Atilla]

Sour grapes perhaps, but if the competition were to finish on Thursdays...

I could have, would have, should have won about 4 podium golds :cheesy:

Hope all traders have a valentines hangover from the night before and do diddly dot tomorrow

 

[Pat494]

Looks like the wt av is going to be close ?

 

[isatrader]

Looks like the wt av is going to be close ?

The 200 day ATR is 14.60 points currently, so from roughly 1522 which it's around now, tomorrows close could just as easily be as low as 1507 or as high as 1537 if we have a straight bullish or bearish day. So it's not over yet.

 

[Vicorka]

The 200 day ATR is 14.60 points currently, so from roughly 1522 which it's around now, tomorrows close could just as easily be as low as 1507 or as high as 1537 if we have a straight bullish or bearish day. So it's not over yet.

Select smaller bar period for ATR - the last month the market has been quite "lazy"

 

[isatrader]

Select smaller bar period for ATR - the last month the market has been quite "lazy"

I prefer the 200 day setting for the ATR as I use it for position sizing on all my trades. Standard short term settings like a 10 day ATR or 14 day ATR don't filter the noise enough for my tastes.

 

[Vicorka]

It looks like the asteroid had affected the market a little bit by scaring some traders to sell

 

[isatrader]

I thought it was the Walmart leak

 

[Vicorka]

I thought it was the Walmart leak

Wallmart leak was caused by asteroid's gravitation

 

[Pat494]

1/2 hour to go and it is right on last week's closing. Could go either way imho

Pete can't complain it's a stitch up by the Brits