S&P has had it ! Intermediate term top right here !

[outoftheplane]

Interesting Technical Analysis for the S&P500:

http://www.3stocksonfire.com/trading/index.php?topic=10180.0&ref=video

Summary:
- The Bull Market pattern is still intact.
- Long Term Support tested today with strong volume and bullish candle.
- Not much downside potential.
- The highs of the year, not likely to be the highs of the current Bull Market.

 

[ghostzapper]

Quote from Option_Attack:

First Surfeur and now GZ!!!???

Place is goin' ta hell, ta HELL I tell ya....

Thank you.
This place went to hell a long time ago though,
Way too many pikers on ET now, and as such, no room left for any decency on this board.
I always felt when the piker/good trader ratio went over 100:1 on this board, i would retire from here.
In the old days, when there were only 200-300 people on ET at a time, it was better, and more importantly, more educational.

Quote from Pa(b)st Prime:

WTF!

At least you're going out on top. But get real. Because of a rally?

Many thanks Pabst, you are truly a good human being.

 

[JSSPMK]

EqtTrdr, I asked you a question regarding risk of initiating fresh longs and holding over weekend at the time when divergence on weekly was almost complete which lead to a current correction, I think you posted a "LMAO" at the time, so...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1581099>