Is S&P forming intermediate term double top?

Yes agreed.

But with the start of a new year, and with sentiment at extreme levels, it looks like january sets up for a good correction.

 

Never disagreed

 

it should just keep going up

 

indeed. It would have allowed you to time the exact moment the bear market began.

 

probably. but with the fed doing two pomos a day, this can go on longer than either of us expects.

 

BEST DAMN FADE ON ET!

 

Pure "genius" how you called another top at 1220 and we are around 1250-1260 solidly for more then a week. I know its only another 3% but that's significant for just a few weeks on top of the previous gains.

Please let us all know what your new time estimate is for S&P 500 at 1000 as you promised a few months ago. I counter we won't hit 1000 the entire year of 2011 and possibly never ( although this part is impossible to say ).