the chart pattern looks a lot like the Nasdaq in 2000... went the other way. Speaking of which, where are my pets.com stock certificates?
Yeah, but it actually looks more like the example I provided. And I think the guy took your certificates ran off with my BUYX. That still burns.
Give yourself credit for a unique call. -5 For any n00bs out there take the quiz on how this chart gets a -5. Un F**king believable.
*Putting in long term memory* By the end of August as the SP500 breaches 1200 if I do not hear or read a typed (or handwritten) apology from you I am going to unsubscribe from your newsletter. This time for good.
You are messing up the fractals and do not take into account that the bigger picture is still a bear market. Good luck!
Actually I see a very similar pattern here as well, with everything that preceded it including the 200 EMA looking eerily deja vu-ish as well.
It's close but not really the same thing. Plus we were coming out of a bull market at all time highs. This formation and the one in late 2008-2009 has 3 descending bottoms. Not that this means anything, just saying. Anyway, like all of these "wait and see" threads it is all the same. I am just going to assume I am correct in the meantime though. Seems the best way to go about it hhaa.
wow!!! I was just looking at the same exact thing 2 days ago, made a post about it on the yahoo forums, except, I thought there was one more big dip to go. It's hard to tell