Keep your eye on the S&P index...
 

It looks like we've got the classic double top formation - the 'M' shape. Historically, this does not bode well and usually results in significant price declines - the last leg of the 'M' means lower prices. Hopefully it's just a retracement but I don't think it is...

I think it's worth keeping an eye on.

If I knew how to use the features available, I'd include a bloomberg chart or some sort of graph below to illustrate my point.

From stockcharts.com:
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=6&dy=0&id=p33090699188

http://forums.pelicanparts.com/uploa...1183175581.jpg

I'll sit this one out.

:eek:

S&P down 40!

If this scares you go home, put your money in the matress get in bed and cover your heads with a blanket.

that's it, I'm putting ex-lax in your buffet! Hahahaa.


I was indicating that the signs for a fall were evident weeks ago.

NOOOOOO!

Inflation will kill you if you do that.

If you're scared, first, BUY GOLD, then put the gold in your matress!