I really hope you're wrong on that Sun, as that has me worried. Are those stats from a long term view… meaning both bull and bear markets? Or, just from the last year… during this huge rally?
Not necessary. It is the time frame you are referring to. The Jan top may very well be the P3 top as I do not expect the retest to break any meaningful new ground.
A strong rally like we had, does not die over night. The topping process may last longer than the time you have on your positions. Thus, it may be necessary to buy yourself extra time, for your thesis to work. You may be totally correct in your analysis, but it may take longer for the market to unfold. 🙂
What do you see? I see a big bear flag from last Thursdays' sell off. I see a downward trendline that is still holding back the advance. I still an upward channel trendline that holding back the selling. I see low volume. I see Full STO that are rolling over and heading down. I see the dark blue 20ma pointing down into 109. I see a triple top. I see the 61.8% fib almost being reached at 108.25. What do you guys see?
Well that sucks… no up or down next week, just sideway trading…
9 years of data
it looks like they'll close the market between SPY 107.93 and SPY 107.15
they'll leave everyone guessing over the 3 day weekend
I really hope you're wrong on that Sun, as that has me worried. Are those stats from a long term view… meaning both bull and bear markets? Or, just from the last year… during this huge rally?
it will be interesting to see where they close the market at
we currently have 3 consecutive gap downs on the SPY which gives us 96% chance of either a flat open or a gap up on tuesday
Yes, I'm so tired of this BS…
This is so tiring. When is it going end?!
Thanks for you input…
you're reading the charts right, just a little anxious for the big move
as SC said big moves don't die overnight
it took the 06-07' top 12 months and 8 months for the 08-09' bottom, we're currently 5 months into this top
Not necessary. It is the time frame you are referring to. The Jan top may very well be the P3 top as I do not expect the retest to break any meaningful new ground.
A strong rally like we had, does not die over night. The topping process may last longer than the time you have on your positions. Thus, it may be necessary to buy yourself extra time, for your thesis to work. You may be totally correct in your analysis, but it may take longer for the market to unfold. 🙂
What do you see? I see a big bear flag from last Thursdays' sell off. I see a downward trendline that is still holding back the advance. I still an upward channel trendline that holding back the selling. I see low volume. I see Full STO that are rolling over and heading down. I see the dark blue 20ma pointing down into 109. I see a triple top. I see the 61.8% fib almost being reached at 108.25. What do you guys see?
http://stockcharts.com/def/servlet/Favorites.CS…