A stock market top right here?

[Bitstream]

there's a chance we might go down here and below da averages but it ain't over yet...eco strong, nothin' says mkt in trouble, nothin'...

 

[Buy1Sell2]

Quote from Bitstream:

there's a chance we might go down here and below da averages but it ain't over yet...eco strong, nothin' says mkt in trouble, nothin'...

weekly and daily technicals favor down--brewing for quite a while

 

[sunandtree]

haha. nice to see that i can post my article now

 

[volente_00]

Quote from Rearden Metal:

I don't know for sure, but this does look pretty obvious:

<b>Thorn=Rubberbird</b>

There's no tricking you !

 

[thorn]

Quote from Buy1Sell2:

weekly and daily technicals favor down--brewing for quite a while

That is correct. Add that the trend has dipped below the moving averages. Also oil prices, higher rates, lower profits, and the result will be that a sizeable correction is upon us.

 

[jackbyrd]

It appears Mr. Volente is up to his usual bag of tricks. Any down day is the bottom and yet the upper extremes of the range are never fit to take profits. So this fictitious long position just ebbs and flows back and forth, akin to the "buy and hold" approach. Quite an act. Let me predict next week's rhetoric. Up day = "Thanks shorts for the money. I told you so". Down day = "This is the bottom again."

 

[thorn]

Quote from murray t turtle:

==================

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

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

Correct Mr. Turtle. Although I disagree that the 4 year bull market is not over.

 

[murray t turtle]

Quote from thorn:weekly downtrend, 20 day downtrend

Correct Mr. Turtle. Although I disagree that the 4 year bull market is not over.

===============
Might be right ;
however even if March was top, which may or not be true,
longer term trend s [plural]are still up.

ES,SPY are now below 50 d moving average;
DIA,YM are above it.Bit premature to call that derivative a bear market.

 

[murray t turtle]

Quote from independenceair:

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 ?

==============
IndeAir;

Looked @ some , [not all] the utility leaders,20 +year candle charts,
those are lagging ,below 50 day,200 dma.

That would be a seconday indicator , doesnt have to affect YM,ES,DIA, SPY at all.

If you are short utilities however that would mean most all downtrends -trends are in your favor.

 

[thorn]

Quote from murray t turtle:

===============
Might be right ;
however even if March was top, which may or not be true,
longer term trend s [plural]are still up.

ES,SPY are now below 50 d moving average;
DIA,YM are above it.Bit premature to call that derivative a bear market.

Mr. Turtle, I am really getting excited about the coming week. With the new uncertainty with nuc's and iran, the higher price of oil, and earnings season here in full force, there can be some major volatility coming in the next week or so! It is also options expiration. Wow.

With this said, this could be the week the s&p index sees 1260, en route to even greater declines.