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Registered
Join Date: Nov 2001
Location: Marina del Rey, CA
Posts: 508
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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.
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We can share the women, we can share the wine - Jack Straw. 1970 911t w/3.0 1971 914 w/2.0 1987 300E |
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06-29-2007, 07:26 PM
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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From stockcharts.com:
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=6&dy=0&id=p33090699188  I'll sit this one out. |
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06-29-2007, 07:53 PM
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Registered
Join Date: Nov 2001
Location: Marina del Rey, CA
Posts: 508
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 S&P down 40!
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We can share the women, we can share the wine - Jack Straw. 1970 911t w/3.0 1971 914 w/2.0 1987 300E |
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07-26-2007, 10:14 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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If this scares you go home, put your money in the matress get in bed and cover your heads with a blanket.
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Copyright "Some Observer" |
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07-26-2007, 11:50 AM
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Registered
Join Date: Nov 2001
Location: Marina del Rey, CA
Posts: 508
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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.
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We can share the women, we can share the wine - Jack Straw. 1970 911t w/3.0 1971 914 w/2.0 1987 300E |
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07-26-2007, 02:11 PM
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Registered
Join Date: Mar 2004
Location: Summerville, SC
Posts: 2,057
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Quote:
Inflation will kill you if you do that. If you're scared, first, BUY GOLD, then put the gold in your matress! |
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07-26-2007, 02:18 PM
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