Is S&P forming intermediate term double top?

Discussion in 'Trading' started by fly down, Nov 4, 2010.

IS S&P forming an intermediate term double top ?

  1. Yes

    40 vote(s)
    41.7%
  2. No way

    33 vote(s)
    34.4%
  3. I don't like you or these polls

    23 vote(s)
    24.0%
  1. The high in April was 1219.8

    It is my belief that the S&P is forming an intermediate term double top around 1220. This does not mean it will not go abit higher than 1220. I think the formation now is in the process of forming a top.

    So should zig zag abit around 1220 as the top forms.
     
  2. How does a breakout look like before the breakout? :D
     
  3. Quit posting this crappy analysis masquerading as technicals. As I told you before, you don't have a clue how to read a chart. Here's some news for you; you can't call "double tops" before they are established.

    You've called around a dozen tops in two months. It's getting really, really stupid buddy. Yes, if you call a top every few days eventually you'll get a top. Then you claim a 10% success rate predicting tops I guess.

    You've been thoroughly owned. You claimed the S&P 500 was going to 1000 in short order from 1103, when in fact it went to 1220. That's a 22% miss on an index; that's brutal.

    Please stop posting this crap. It's embarrassing.
     
  4. LEAPup

    LEAPup

  5. It's a bull market.
     
  6. I wouldn't know the difference between a bull market and bull shit other than the fact they both have the same first 4 letters...last time someone said that was September 1987...comedian , passed away, named King...and what happened....

    Incidently, I agree with him.....too late to tell him though...


    NiN
     
  7. I know i'm right this time the poll says so
     
  8. no.

    your call will fail.

    then when the S&P at 1500 you'll call a triple top. You'll fail again. Then the S&P goes to 2000
     
  9. S2007S

    S2007S

    150,000 jobs added to the economy!!!

    Economy needs a minimum of 250k jobs a month for the next 5 years or so to get get the unemployment rate back below 5%, 150k jobs just absorbs the new labor force into the economy.

    QE3 is coming next week!
     
  10. S2007S

    S2007S

    Out of 13 sessions the nasdaq is up 12!!!!!!!!!!!!

    :eek:


    Absolutely no stopping this rally.
     
    #10     Nov 5, 2010