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Neckline for what?

Maybe when we get 7 months of straight slowing growth economists will stop blaming weather.

Now that I just said that we will test highs tomorrow :)

That is a triple top on daily and strong rejection today. Not saying it won't retest but a 2-3 day pullback is in the cards potentially.

Just joking around. Humor is necessary in trading.

Lol...mkts go straight up without pull back, it's the new normal.

Supposedly IMF emerging mkts news and euro deflation but I have hard time believing that. Pure speculation on my part but fed mtg mins probably got leaked.

I wonder the next excuse will be after weather gets better. I bet it is taper effect. It has zero to do with tax base increase. Well at least until 2016 election.

Or maybe due to weather just like the economy...lol

Calm before the next big move.

market has a way of making believers and those that say wtf. imo this week will not be calm which means if i am thinking that it will...lol. +100 pt move in 8 days....that's normal with low volatility...yeh right!

indu daily lines

spx daily trendlines. dow did not hit the left shoulder, russ 2k did, ndx 52 week high. maybe this is all just a way to skew my thinking and i very well know mkts overshoot. options exp next week. crazy things can happen.

just a guess and this type of trade is pissing upstream. not saying it will happen tomorrow but maybe next week if you believe last few days showed distribution.

would not be a surprise. and if it breaks the neckline anyones guess where it goes from there. 200 SMA touch may provide a btfd dead cat bounce.

we all better hope it does not get to this point. speculation is ammunition is hard to get now so this would be an indirect way of confiscating guns. run on banks, maybe that is reason for stringent capital requirements at member banks...fear of run on banks if all goes to hell in a hand...

1998-2000 was like shooting fish in a barrel as was 2008-2010.

something to consider. neckline pointed out is not out of the realm of reason. http://seekingalpha.com/article/2013051-how-to-deal-with-the-scary-1929-parallel-chart?source=intbrokers_regular

btfd traders = conditional response mentality. feds know it so they say what the mkt wants to hear otherwise they know the consequences. how long until it doesn't work anymore. I just remember 2008 before the bottom dropped out, this time is no diff.

She will try to hold onto it tomorrow.