Technical case for the top being in?

Discussion in 'Technical Analysis' started by swtrader, Sep 17, 2009.

  1. well, well well

    options expired with spx within .16 of a point of the 20 month moving avg

    i'm sure it's just a coincidence
     
    #11     Sep 18, 2009
  2. nearly 8000 posts of your written diarrhea in only 3 short years, making your stupid, pointless knee jerk comments in nearly every thread

    ever consider taking some of your insight inward?
     
    #12     Sep 18, 2009
  3. Lucrum

    Lucrum

    I thought that was obvious.
    And a good one at that.

    Got any stats on how often this occurs?
    IOW is it more than random?
    Not flaming, I'm just not a big fan of MA's.
    Monthly charts, I don't see anything yet.

    Shorter term, some pullback after the run up into OEX won't be a shocker.
     
    #13     Sep 19, 2009
  4. what was today's high?

    a fraction of a point below the 20 month s & p avg

    closed 2 points below
     
    #14     Sep 21, 2009
  5. closed 4 points above it today

    been straddling it for 5 trading days now
     
    #15     Sep 22, 2009
  6. and now closed 5 points below

    still straddling the 20 month ma, 6 days now
     
    #16     Sep 23, 2009
  7. FB123

    FB123

    It could be a bit premature, but today did not look very good for the bulls, the way it just sold off into the close. I wouldn't be surprised if we saw a reasonable-sized pullback over the next few days. Tomorrow morning is going to be key...
     
    #17     Sep 23, 2009
  8. the 20 month ma gets recalaculated at the end of the month, it's been about 20 points down each month for the last few months

    a fed day would have been a candidate for a day to break out updward, instead, we end up with a bearish engulfing

    5 more trading days to resolve whether it closes above or below the 20 month ma, as of 3 weeks into the month, it cant hold it and i think it will be a tell for the coming period
     
    #18     Sep 23, 2009
  9. wow

    market really didnt like that bearish engulfing candle formed after that failed range breakout yesterday
     
    #19     Sep 24, 2009
  10. well below the 20 today
     
    #20     Sep 24, 2009