And several weeks and many, many points lower please be advised that much earlier in this thread I called for a target of 1370. Tell the entire story. Including yourself wearing this market for 32 points and several percentage points in your face since you started calling a "top".
Only a mad man would call the market since 2009 to be a "BEAR MARKET". Its been a textbook bull market for three years.
Another bit of Grand's problems come from relying purely on technical analysis with zero backtesting just to see if a "megaphone wedge" is a predictive price pattern, because it's not. Every TA chart pattern can be coded, but was found unprofitable at wl4.wealth-lab.com where nearly every possible combination in 700+ systems is written and can be backtested.
SPX 1400 tomorrow, 1420 by friday. 1475 by the end of March Historical highs in April 1600 by May a little dip in June to 1592 then a surge in July to 1678 1750 by September 1825 by October 1950 by November by the end of 2012 2,000 Just buy, there is ZERO risk in stocks ZERO!!!!! 2,000 by the end of 2012 and Im bearish haha
ATTENTION: THE TOP IS IN,....I AM PROCLAIMING HERE AN NOW THE TOP IS IN........... THE FUTURE. WAAY IN THE FUTURE!!! LOL....seriously how much has the Unicycle lost on his BS call of the top many points ago. I think he has ben calling it this entire rally. I will defend TA here bwolinsky. I use 98% TA and 2% fundamental analysis. Sometimes I dont even have time to watch the news to know what happened. So TA can be used effectively and it is all in the interpretation of it. Gauges on an airplane are useless if you dont know how to read them. However, if you understand them you know when one gauge is misleading you and you can still fly straight. The Unicycle clearly puts too much emphasis on certain things and I suspect he will continue to "add to shorts" all the way up this BULL Market....and keep handing out his money to those of us that are bulls. N54_Fan
If there's anything I can deduct from this thread is that technical analysis does not work for top calling.
DOW Wile E Coyote chart indicates BIG move ahead ... http://stockmarket618.wordpress.com/2012/03/14/wed-march-14 'Reminder that SP500 monthly chart continues to give bearish warning and USDX monthly chart continues to give bullish warning. This big picture outlook will not change'
EURUSD daily chart H&S looking confirmed Bring on the *overdue* USD rally. Despite covering spikes, SP500 weekly bearish warning continues.