S&P Scary comparison 2007/2011

Discussion in 'Technical Analysis' started by Truff, Nov 1, 2011.

  1. Truff

    Truff

  2. interesting chart, looks almost like a copy from the earlier period.
     
  3. Truff

    Truff

  4. Tsing Tao

    Tsing Tao

    Interesting. Today's move, however, throws a slight wrench in that correlation, though.
     
  5. Bob111

    Bob111

    the worst is yet to come...sounds about right to me..
     
  6. Actually, it's looking very similar. On Nov. 28 of 2007, the S&P jumped almost 40 points. It continued to move up a little more during the last two days of the month. It still closed the month for a loss, though. Since I watch seasonality pretty closely, that concerned me since November is historically one of the best months for stocks.

    It really depends what happens in the coming weeks. If the S&P can make it back to 1250-ish, it's anyone's guess. However, it doesn't look good right now and the big gaps created today aren't encouraging, either.
     
  7. GordonTheGekko

    GordonTheGekko Guest

  8. GordonTheGekko

    GordonTheGekko Guest

    Thanks for sharing your blog, I subscribed
     
  9. Truff

    Truff

  10. ========
    It[SPY]is having trouble closing above its 200dma;
    usually bearish/bear trend........................................

    Could go down much more, with all the socialists in the news...

    :D But with more weekly sell SPY volume & buy volume/2008 on average;
    probably will not go down as much a %%as in 2008, which was a real killer of beartrend/downtrend, much worse than is 2007.

    50 week weekly[$128] SPY area;
    seems to be a top area also.BAC, C are mostly downtrends ;
    Nice uptrend on gold,GLD....................................................
     
    #10     Dec 2, 2011