Doubel top on the S&P 500?

[simon1080]

Sure as heck looks like it.

Going back to 1995.

http://finance.yahoo.com/echarts?s=^GSPC#chart4:symbol=^gspc;range=my;indicator=sma(20,50,200)+volume+stochasticslow;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=on;source=undefined



If that was a single equities chart.. id say its going down down down!!


whats going on here..

 

[Jwhite198621]

Check this link out.

http://www.buyupside.com/chartsandimages2/sp500inflationlogmar08_large.gif

Its the SnP 500 monthly chart adjusted for inflation. Looks worse than a double top.

 

[bbqbbq]

Quote from Jwhite198621:

Check this link out.

http://www.buyupside.com/chartsandimages2/sp500inflationlogmar08_large.gif

Its the SnP 500 monthly chart adjusted for inflation. Looks worse than a double top.

looks very bullish bullflag and double bottom

 

[BlackBison]

bullish for now, well prolly move to all time highs again inexplicably with all this bad news.

then in 5 years when every1 thinks this is all over and we made it, dow at 20,000, shanghai at 10,000 well be at the top of that inflation adjusted channel as the dollar may still be weak and well prolly crash down to the bottom of the channel and have another depression.

as we all know the market likes to throw curveballs and i think this is a likely route.