A stock market top right here?

Did the stock market top out on 4/7?

  • Yes

    Votes: 42 33.1%

  • No

    Votes: 60 47.2%

  • not sure

    Votes: 25 19.7%
  • Total voters
    127
The major indices ie S&P index has crossed it's moving average. This is another sign of a strong topping pattern. After this holiday weekend, and with earnings approaching, look for a bumpy ride for the rest of April.
 
Quote from thorn:

From the way I learned it, and I may have learned it wrong... economic growth leads to higher interest rates, leading to lower profits, leading to a declining stock market. That's a complete 'cycle'.
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You're right but the pieces that constitute the cycle you described don't follow each other in a clear cut sequence. They tend to overlap significantly because of the nature of expectations. Stocks will increase with interest rates for as long as rates have not reached a point that is believed to be unbearable by the economy.
 
I think markets are starting to be bothered by Iran, but we still have a couple of weeks until the deadline at the end of April. I think the market is going lower long-term, but I wouldn't be surprised if it just moved sideways or even rallied between now and the end of April.
 
wait 'till da transport breaks out of da channel and takes off with a shootin' thick green candle; omfg, da shorts will be outta biz for good this time.
 
Quote from thorn:

The major indices ie S&P index has crossed it's moving average. This is another sign of a strong topping pattern.
More...
==================

DIA,SPY,YM, ES are weekly downtrends ;
& 20 day
=downtrends, plenty of short term polar bear trends.

50 day moving average = up
200 dma [main institutional measure of uptrend /bull markrt]= up .

XLE ,....... oilgas stock= uptrends mostly all up;
mostly shorting intraday lately , due to all shorter polar bear trends ;
& as whitster noted
not likely this bull market is over at all .


:cool: :p
 
bit: thats a good one. The dow is still 600+ off it's high. To be in a BULL mkt the dow needs to confirm the trannies, guess what no chance. I'm 80+ % short and will cover 1/2 if the dow gets there...I sleep very well at night homie..I won't even mention what the spu or 4 letter land has to do, but wait let me guess....this time its different?
 
Quote from frank grimes:

but wait let me guess....this time its different?
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uh, oh...shouldn't be da other way round?

how many times u all called a crash and da mkt turned 'round to make new highs[?]

roflmaopimp
 
To the fellas with the bigger number of posts : what do you make of the $util. monthlies compared to the previous peak ?
I am not implying that your knowledge is to be handed out freely without acknowledging that it is hard won...at least .
Does it mean anything at all that the utilities are repeating the previous behaviour of the last peak ?
 
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