Triple top on S&P, are we at a top?

Discussion in 'Trading' started by 1a2b3cppp, Mar 31, 2013.

  1. Check out what happened after the third test of the top in the late 60's - early 70's ....

    18 year consolidation after a bull run has happened before.


    no one knows for sure but my "gut" tells me we have a test near the 09 lows.
     
    #11     Apr 1, 2013
  2. Maybe I should've said we have a potential triple top now.

    You are correct, price would have to start going down for it to be confirmed.
     
    #12     Apr 1, 2013
  3. KMAX

    KMAX

    It would be insane to be long and not be worried after looking at that chart. A 10 year old with basic chart knowledge would be worried.
     
    #13     Apr 1, 2013
  4. Ash1972

    Ash1972

    I would certainly expect some volatility to (finally) return to the market after so long..
     
    #14     Apr 1, 2013
  5. No one really knows... Its just speculation at this point. I found take some profits off of the table at this point and buy on the pull back. Than again it could just continue to climb on this artificially inflated market.
     
    #15     Apr 2, 2013