Poll: SPY,long or short?

[cactiman]

Quote from kivd:

Yes its possible to fall below 126.48 without ending the bull market.
(But once its broken that theres a good chance it'll break the bigger trend.)
Heres what Im looking at, notice the strong trend line coming out of 2009 bottom. Hitting that would make it a third bottom.

Oooo....
Not pretty.
That's why I don't like angled trend lines!
:eek:

Will be interesting to see how all this plays out.

 

[cactiman]

Another pattern I keep seeing on these charts is 126.48 as the neckline of a H&S Top.
The 141.48 peak is the left shoulder, the head is starting to form now, and the right shoulder will form after that.
This "long in the tooth" Bull Market will then come to an end, as SPY collapses through the 126.48 neckline after the election, and a new Bear Market will begin.
Anyway, just another "possible scenario" to throw out there.

 

[cdcaveman]

Ya. Breaking that big trend below like 120 would be a long fall... you gotta figure that so

 

[nocloud]

yea, i hope everybody on here went long when i did, sp500 1450 is right around the corner.

 

[nocloud]

BOOM, here we go!!!! QE3