LOOK AT THIS CHART - all you predicting mofos, what will SPY do next?

...up, there were 11 0f us this morning, some tards voted up after it was clear we were up today....

 

spx pic 1

 

spx pic 2

 

spx pic3

 

Best part of the day was Obama and his hard stance on oil "Market Manipulation"...


How can you take these guys serious.... Bubble Ben is running the biggest Manipulation operation in history...


3Min 45 sec




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whoa, i don't know where you got SPY data from the 30's but that's awesome.

So did you vote up or down?

 

there's a blank scroll box at the bottom of your post. Whatever you tried to embed didn't work.

 

all those fancy drawings are fine,as long as they backed by the numbers..like this and that happens this # of times and outcome was this ### which gives us probability of this ## %..something other than that i would consider kinda drawing on sand..

speaking about drawing on sand..good vid-

http://www.youtube.com/watch?v=XWCadaO_P2Y&feature=related

 

I’m sticking to my Feb 22 call that the DOW top on Feb 18 2011 signals the end of the rally.

FX, GOLD etc. are still tracking sideways and this will continue until the recurring DOW/S&P500 buying support is overpowered by selling pressure.

A new down leg is slowly being established, that I am sure of.

 

We have a triangle at the top of an uptrend, price broke the support line of the triangle and failed to find follow up after nailing some stops.

If next week price is unable to continue the downside, everyone who shorted the triangle downward rupture will quickly have to cover and you will see price re-enter the triangle in a bullish fashion.

Price is supposed to go lower based on how the formation acted if it does not, bears will have no choice but to cover and this will create unexpected bullishness, otherwise known as a short covering rally.

In other words, stay tuned for a breakdown failure, if you don't see it, selling pressure will continue.

It's anyone's guess what the next direction will be as pattern's conclusion are at best random. Let a side get spooked based on surprising events, then you will know what the next course of direction will be.

ESD