SPY is about to hit its 52 week high. What is going to happen?

[1a2b3cppp]

Quote from RedTankEra:

It certainly increases the odds.

It's like a stranger stopping at the crossroad, you don't know where the person is going, but if you wait until the person chooses the path your chances of nailing the first destination will improve.

Needless to say, there are times where a "change of heart" is witnessed and the stranger returns to the crossroad, more or less what's normally referred to as a failed breakout, and the educated guessing game goes back to step 1.

How can you tell when "big money" has "chosen a path"?

 

[TheAngryHermit]

I bought some SDS for my IRA today. Fading me is a high probability trade. Good luck.

Although I did nail BAC and NFLX bottoms...scaling in, of course. So be careful.

 

[tenthousandmen]

Quote from TheAngryHermit:

I bought some SDS for my IRA today. Fading me is a high probability trade. Good luck.

Although I did nail BAC and NFLX bottoms...scaling in, of course. So be careful.

IRA?:eek:

 

[TheAngryHermit]

Quote from tenthousandmen:

IRA?:eek:

Short term trade, obviously. I know you can't hold these leveraged ETF's for long (or long, lol). I'll cut it loose, win or lose, in a couple weeks. It just seems like too much gigginess right now, even in the face of crude, Iran, N. Korea, Greece, etc. Whatever, it won't make or break me either way.

If the CNBC market cheerleaders are wearing their DOW 14000 hats in the next couple days, I'll go "all in" short.

 

[GrandSupercycle]

"SPY is about to hit its 52 week high. What is going to happen ?"

THIS...

 

[1a2b3cppp]

Quote from GrandSupercycle:

"SPY is about to hit its 52 week high. What is going to happen ?"

THIS...

That's a picture of what has happened. I asked what is going to happen.

 

[gobar]

Quote from 1a2b3cppp:

That's a picture of what has happened. I asked what is going to happen.

if grannys super cycle says up it will go down and if granny is bearish it will go up...

 

[Specterx]

I bet chop and boring.

either I'm right and happy because I'm right, or wrong and happy because the market is actually doing something.

 

[GrandSupercycle]

Quote from 1a2b3cppp:
That's a picture of what has happened. I asked what is going to happen.

You need to do Technical Analysis 101.
The chart patterns tell you a great deal.
Here's another for you...
http://stockmarket618.files.wordpress.com/2011/07/2011-10-02_sp500_mth_x.png

 

[DDmaster]

Quote from GrandSupercycle:

You need to do Technical Analysis 101.
The chart patterns tell you a great deal.
Here's another for you...
http://stockmarket618.files.wordpress.com/2011/07/2011-10-02_sp500_mth_x.png

im sorry but that last chart was the biggest pile of horse crap i have ever seen , you need to go re check that Technical Analysis 101

i agree with chart patterns telling you a great deal but some people don't question things other people teach them and just accept a pretty picture like the one you just posted the reference points were all out of whack .... i mean seriously if you going to slam someone with go learn some TA at least have the decency to know TA before you do it !