Is The Bull Market Over?

[Scaleout.Scalper]

I have to see it take out the 1960 level before I believe that the bull market is over. I'm leaning that way though. The bulls had a chance to prove their case on several occasions and have failed to do so.

Taking out a level does not mean anything, it could regain it afterward and it's all like it never happened, better to say taking out a level and watching the price action afterwards.

 

[Bill R]

If we get below 1960 1900 is a given if you look at a daily profile. 1960 is also interesting if you draw a regression channel from the 3/09 low to now 1960 is that avg SPOOKY! I also just read somewhere that the dollar either hit it's high or low of the year in Jan 20 out of the last 21 years so that could be a catalyst for something, maybe at least steady oil.

 

[Scaleout.Scalper]

If we get below 1960 1900 is a given if you look at a daily profile. 1960 is also interesting if you draw a regression channel from the 3/09 low to now 1960 is that avg SPOOKY! I also just read somewhere that the dollar either hit it's high or low of the year in Jan 20 out of the last 21 years so that could be a catalyst for something, maybe at least steady oil.

Given ?

There is never a sure thing in the stock market, everything is about probability.

 

[Visaria]

fun forecast: i reckon sp500 will hit 3000 by end 2016

 

[Money Trust]

Taking out a level does not mean anything, it could regain it afterward and it's all like it never happened, better to say taking out a level and watching the price action afterwards.

Thanks Captain Obvious. Don't bother to quote me with such foolishness.

 

[Scaleout.Scalper]

Thanks Captain Obvious. Don't bother to quote me with such foolishness.

Next time don't make amateur statements.

 

[Max E.]

I disagree. I was taught that you should never call a top or bottom. Let the market tell you; it will the avoid the heartache..

The market IS telling me we are at a top, lower highs, and we now broke through the first level of resistance, commodities and bonds are confirming the market sell off, INTC had decent earnings, and it went down, we had a good jobs number, and the market went down, when stocks cant rally on good news, its a sign of a top, i say we test 1850 on the ES, I guess we will see whose right.

 

[Max E.]

fun forecast: i reckon sp500 will hit 3000 by end 2016

I actually wouldnt be surprised to see the market hit higher highs this year as well, but for the time being we are going to test the lows.

 

[S2007S]

The market IS telling me we are at a top, lower highs, and we now broke through the first level of resistance, commodities and bonds are confirming the market sell off, INTC had decent earnings, and it went down, we had a good jobs number, and the market went down, when stocks cant rally on good news, its a sign of a top, i say we test 1850 on the ES, I guess we will see whose right.

We are going to test 1850....

 

[S2007S]

Just be prepared for next week ecb meeting.....that is going to move markets wildly ....everyone is expecting more free money, more propping up of the financial markets..more bailouts ......I meant to say more QE....

So get ready for more extreme volatility on January 22nd when ecb meets

Just thank BUBBLE ben bernanke....all the central banks are following in his footsteps

Haha