Gigantic cup&handle on the S&P

Discussion in 'Technical Analysis' started by Port1385, Apr 20, 2008.

Is this a cup&handle pattern?

  1. Yes, its a cup&handle.

    1 vote(s)
    9.1%

  2. No, its not a cup&handle?

    10 vote(s)
    90.9%
  1. Port1385

    Port1385

    I have read through many threads and no one has mentioned that the S&P appears to be one gigantic cup&handle on the charts. Look at the S&P from the maximum view extending out 50 years. You have a high in 2000 and another high in 2007 with a really quick pullback and 1/3 retracement.

    Does anyone here believe that this is just a classic cup&handle pattern?
     
    #1     Apr 20, 2008
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  2. Trader273

    Trader273

    Why not post a chart with this type of post?
     
    #2     Apr 21, 2008
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  3. Mercor

    Mercor

    I always thought a cup and handle reqiured a rounding saucer.

    Your chart looks more like a "V" move
     
    #3     Apr 22, 2008
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