Surf Report
- Thread starter marketsurfer
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LOL. But not too busy to repeatedly flame Surf.
Jeff Hirsch thinks the chart is bearish --
But there could be trouble ahead for the S&P 500, according to Stock Trader’s Almanac editor Jeff Hirsch, who provides our call of the day. He is basing his warning on a chart pattern — not everybody’s thing, but Hirsch says this one is “arcane yet uncannily accurate.”
“Our old esoteric chart pattern friend, the Three Peaks and a Domed House Top pattern (3PDH), is potentially in play again,” he writes in an Almanac Trader blog post.
The majority of market advances have ended after they etch a chart structure that looks like a 3PDH, says Hirsch, in explaining this formation that was developed by revered technician George Lindsay.
But there could be trouble ahead for the S&P 500, according to Stock Trader’s Almanac editor Jeff Hirsch, who provides our call of the day. He is basing his warning on a chart pattern — not everybody’s thing, but Hirsch says this one is “arcane yet uncannily accurate.”
“Our old esoteric chart pattern friend, the Three Peaks and a Domed House Top pattern (3PDH), is potentially in play again,” he writes in an Almanac Trader blog post.
The majority of market advances have ended after they etch a chart structure that looks like a 3PDH, says Hirsch, in explaining this formation that was developed by revered technician George Lindsay.
Who else will be up to the task? How about the upside down tree pattern? Or the out of alignment tire pattern?
Skippy must be fishing again. Truetype are you gonna meandered up or down??? ...over to the magical YM thread and join up with thetrueone on the YM THREAD. He is getting close to being out of business over on the collective farm. You could join him and both file bankruptcy, if need be? Certainly don't if there is no need to do so. Is surf on the beach again?
not long now until new all time highs. A lot of chumps have shorted these highs.
All depends of the timeframe you use. What looks a big drop on your chart is almost invisible in my chart.
Wanna make a bet -- the top is in till jan 2018 at a minimum.
you want to bet after 7 straight losers shorting a multi year bull market lol
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