So i am pretty green at the investing thing. I maybe wrong, reading to much into it or simply crazy. But it look like dec 15 could be a shoulder top and we are now a head top that could be on the was back down to another shoulder then a quick rally and back down to the neckline. Like i said i could be looking way to far ahead without enough info its just a pattern that could possibly emerge and was wondering if it even looks feasible to others. Thanks for you input in advance
Too soon to tell just now. Possible "top" read, but also possible "counter dip on the way higher read". Won't know until later.
Charles Biderman @CharlesBiderman 2m2 minutes ago Charles Biderman Retweeted TrimTabs Research U.S. companies have been announcing fewer large share #repurchases. They are down 22% in first eight months of 2016.
Yes ...... a chart would be nice. The time fame and width/height ratio of the chart makes a big difference on the pattern you see.
Its just a one year s & p 500 maybe i am just other thinking it. It just makes sense to me with all the negative news mounting on the negative yields in the bond markets and what not with brexit coming to a head in the somewhat near future. I don't know maybe i just and thinking to much with out as much context as i truly need. But its nice day dream right.
Here is a simple 5 year on dow, s & p, and nasdaq. With a very crude drawing of what i consider the neck and shoulder, we are forming the head now. But i am probably in fantasy land.