Is S&P forming intermediate term double top?

[fly down]

Quote from Nine_Ender:

People don't want to miss the end of year rally either,

If it were only this easy.

 

[jokepie]

Quote from jokepie:

One of the "jessie" moments is upon NFLX ( which we recently saw for GOOG and AAPL when they crossed 600 and 300) as it tched 200. ANY pull back to 195 area I am going to get some calls @210 JAN.

Selling rest of my goog shorts and buying nflx calls.

 

[Tsing Tao]

more pomo, and the market goes green!

 

[Tsing Tao]

Quote from Nine_Ender:

No pomo in Canada, just real strong corporate earnings and a rapidly improving economy.

pomo is everywhere the primary dealers are. which is, essentially, everywhere.

if you think strong macro stats are out there, you're smoking some pretty good weed.

 

[S2007S]

Pump it up a little more, the magic is happening, just like that the markets turn higher, hahaha, and people are worried about whats happening in europe, thats all a joke, just keep buying, as long as Bubble ben bernanke is going to prop up the economy everything is a OK!!!!!!!

 

[S2007S]

This is what Bubble ben bernanke is listening to everyday the market makes a turn to the upside!!! He tells geithner to turn it up and before you know it all of them are just getting down in their big conference meeting rooms.


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[ScalperJoe]

Quote from fly down:

I look for volatility to pick up this week and into mid-December.

There is alot of bullishness and that can only mean lower prices.

Volatility is definitely picking up.

The SPX held the 1,173 support level for now. Although the bulls are getting smacked when the futures get bid lower and wipe out all of the prior day's gains. The process has been repeating, with lower highs being created.

Santa better hurry up, or the Grinch will take the longs to the woodshed and beat them to a pulp.

 

[fly down]

Quote from ScalperJoe:

Volatility is definitely picking up.

The SPX held the 1,173 support level for now.

I'm looking for the days where the futures open higher. These are the days where the potential for downside is best.

I sense 1 or 2 higher opening, lower close significant and volatile days coming in the next week or so.

 

[LEAPup]

Any way you cut it, the double top has some time span, and is playing out thus far. I scan, well a few equities daily, and the bullish setups have decreased 56% vs what they were producing in Sept-Oct...

Anyhow, trade what you see.

 

[fly down]

Quote from LEAPup:

Any way you cut it, the double top has some time span, and is playing out thus far. I scan, well a few equities daily, and the bullish setups have decreased 56% vs what they were producing in Sept-Oct...

I saw your thread where you too called for a double top on the same day as me. So far it is a good call.

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