SP 500 ---> Same pattern 2008 - 2011 ?

Discussion in 'Technical Analysis' started by Sheik, Oct 6, 2011.

  1. Sheik

    Sheik

    SP 500 ---> Same pattern 2008 - 2011 ?
     
    #1     Oct 6, 2011
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  2. SnakeEYE

    SnakeEYE

    Very similar,look at how the price is compressed this time.I think it would be something like this.
     
    #2     Oct 6, 2011
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  3. Eddiefl

    Eddiefl


    If it is obvious and everyone sees the pattern happening and setting up. Most likely the opposite will happen.

    The wonderful wacky world of trading,
    EF
     
    #3     Oct 6, 2011
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  4. murray t turtle

    murray t turtle

    ===============
    Plenty of patterns/same patterns SPY 2008-2011;
    except PigS are more plenteous.C, BAC/big bank sector are much more bearish.

    Sell SPY volume/2011,sell DIA volume/2011 is less, than 2008;
    but BAC sell volume/2011 is much more, so SPY may not crash as much, as BAC/big banks ,perhaps?

    Frankly, with tek sector[MSFT,QQQ sector ] usually being bullish this quarter;
    even if big bank sector crashes [not a prediction].I am bullish on tek sector this quarter. QQQ 50 week sma,QQQ50 week ema looks better[bullish] than 2008.:D :cool:
     
    #4     Oct 12, 2011
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  5. denner

    denner

    Good call. Something didn't sit well with me either when I read about the exact same closing prices from 2008 last week.

    It doesn't imply that things aren't dire, just that the herd was trapped.
     
    #5     Oct 12, 2011
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