Call Me Crazy or Whatever

I think stock index prices are going to have a significant drop from here (greater than 10%) for S&P. Just don't see the markets making a significant rally at this point.

Hi Tom,


You may not be in the majority, but you are on the correct side, IMO.


Once this thing lets go a 10% drop will look pretty good. Only thing holding it up right now is a lot of hot air. That and some of the 'big' boys desire to pump it up a little more so they can keep as much as they can. Some things never change.


The real question is 'when'? Might be as early as next week, but I don't think so. But, I'll wager a steak we don't get through November.


Bull vs. Bears

http://stockcharts.com/def/servlet/SC.web?c=$BPSPX,uu[m,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G


steveb

when you get to the link put this symbol in the enter ticker box. $BPSPX

I sold one mini S&P at 1174.50.I thought I might have to keep selling them on a scale up basis

and did not want to shoot my load.The S&P is a joke.I believe we could easily have a 30 percent decline but because I am a short term trader i will not participate in the move.Everybody is singing happy days are here again and that makes me real nervous.