The S&P closed today @ 1503.2 and the technical indicators arte now signaling an intermediate term topping pattern right here.
Does anyone see the same thing ?
Does anyone see the same thing ?
S&P 500 very close to intermediate term top
- Thread starter ghostzapper
- Start date
cool someone else who uses etrade's crappy charts besides me
It does look and feel like a pivot point is near. The market is sitting right on or near a big trend line and consolidating.
As I pointed out in the Qs chart in another thread, usually the market is moving up, down or chopping. When it has chopped, it has turned down.
There is no real catalyst for the market to turn down. Last year it was a host of catalysts to include:
- Bernanke
- Iran/Iraq and oil
- Housing crash
- recession thinking
- etc, u know the rest
I cant point out any specific factors right now and the general attitude in the market is if it sells off, then someone is getting ready to catch it.
I tend to think that the market will go up from here, but I have been wrong on occasion.
As I pointed out in the Qs chart in another thread, usually the market is moving up, down or chopping. When it has chopped, it has turned down.
There is no real catalyst for the market to turn down. Last year it was a host of catalysts to include:
- Bernanke
- Iran/Iraq and oil
- Housing crash
- recession thinking
- etc, u know the rest
I cant point out any specific factors right now and the general attitude in the market is if it sells off, then someone is getting ready to catch it.
I tend to think that the market will go up from here, but I have been wrong on occasion.
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The experience of déjà vu seems to be very common; in formal studies 70% or more of the population report having experienced it at least once. References to the experience of déjà vu are also found in literature of the past, indicating it is not a new phenomenon. It has been extremely difficult to invoke the déjà vu experience in laboratory settings, therefore making it a subject of few empirical studies. Recently, researchers have found ways to recreate this sensation using hypnosis
The experience of déjà vu seems to be very common; in formal studies 70% or more of the population report having experienced it at least once. References to the experience of déjà vu are also found in literature of the past, indicating it is not a new phenomenon. It has been extremely difficult to invoke the déjà vu experience in laboratory settings, therefore making it a subject of few empirical studies. Recently, researchers have found ways to recreate this sensation using hypnosis
Um on occasion? Thats an understatement...lol kidding
market will keep going higher. Last year the markets tanked in May-June-July cause the dimwitted dog Bernanke's lack of subtlety and interest rate hikes. He finally got a clue in September and the markets went higher.
Interest rates no longer a big issue. Housing was never a big issue. neither was oil and WTF is recession thinking? That makes no sense. Then again few of your posts do.
whats the all time closing high on the S&P index ?