Is S&P forming intermediate term double top?

[fly down]

Quote from jokepie:

Lets see how far we go in next two days.
BTW: I am still long.

To me it looks like early December is when there should be more volatility.

 

[nonlinear5]

According to the poll, the ETers are split right in the middle in their opinions about the next market move. To prove everyone wrong, the market would need to trade around where it is right now for a while. That way, both the bulls and the bears will be slaughtered.

 

[jokepie]

Quote from fly down:

To me it looks like early December is when there should be more volatility.

Go Long NOW!!

 

[fly down]

Quote from nonlinear5:

To prove everyone wrong, the market would need to trade around where it is right now for a while. That way, both the bulls and the bears will be slaughtered.

Right. That's what I said in the first post. The market will zig zag around here forming the top.

 

[fly down]

Quote from jokepie:

Go Long NOW!!

If you wanna lose money

 

[fly down]

Quote from fly down:

The high in April was 1219.8

It is my belief that the S&P is forming an intermediate term double top around 1220. This does not mean it will not go abit higher than 1220. I think the formation now is in the process of forming a top.

Good call!

 

[LEAPup]

Hmmmm. Maybe TA isn't total useless garbage

http://www.elitetrader.com/vb/showthread.php?s=&threadid=209762

 

[LEAPup]

From October: http://www.elitetrader.com/vb/showthread.php?s=&postid=2992951#post2992951

 

[fly down]

Quote from LEAPup:

Hmmmm. Maybe TA isn't total useless garbage

http://www.elitetrader.com/vb/showthread.php?s=&threadid=209762

Well said. No it is not useless garbage at all

 

[failed_trad3r]

Great place to start buying the pullbacks. DOnt wait until S&P 1300 to buy