Comments on: Massive & Ominous Double Top Formation http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html Freshly squeezed market commentary & analysis Sun, 21 Mar 2010 16:23:40 +0000 http://wordpress.org/?v=2.0.2 by: Nick http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-38004 Wed, 25 Mar 2009 06:53:46 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-38004 I've been thinking the same thing over the last year as well... Between our financial mess and deteriorated stature in the world, investors seem to be rendering a disturbing verdict on the future economic viability of the US, just as they're doing to a company when its stock double tops. Plans for $4 trillion of inflation only bolster their case. I’ve been thinking the same thing over the last year as well… Between our financial mess and deteriorated stature in the world, investors seem to be rendering a disturbing verdict on the future economic viability of the US, just as they’re doing to a company when its stock double tops. Plans for $4 trillion of inflation only bolster their case.

]]> by: Nilay Saha http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-37700 Sun, 15 Mar 2009 12:03:04 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-37700 Nothing is impossible in this market. Only saving grace is the money printing that is being done to reinflate this bubble. My analysis also shows a similar story. (http://rksinvest-usa.blogspot.com/2009/03/sp500-target.html). Except I have looked at daily chart which also shows a measured move on a smaller time scale .... I still hope this does not happen but atleast if it happens we shall not be surprised by it. the charts never lie... Nothing is impossible in this market. Only saving grace is the money printing that is being done to reinflate this bubble. My analysis also shows a similar story.
(http://rksinvest-usa.blogspot.com/2009/03/sp500-target.html). Except I have looked at daily chart which also shows a measured move on a smaller time scale ….

I still hope this does not happen but atleast if it happens we shall not be surprised by it. the charts never lie…

]]> by: sands http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-37435 Wed, 04 Mar 2009 20:12:00 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-37435 I actually did a yahoo search to see if anyone else noticed the long term topping formations in the Dow and the S&P and this link came up in the search... Yup...I noticed the exact same thing...We've actually completed the pattern by closing below the 800 level in the S&P and around the 7,000 level in the Dow... These patterns are HUGE and and I do not think most folks realize just how severe this really is...According to the swing rule we would see the S&P fall into the 100 range! Then look at the Dow and apply the swing rule there..Were talking anywhere between 1,000 and 4,000 on the Dow... I actually did a yahoo search to see if anyone else noticed the long term topping formations in the Dow and the S&P and this link came up in the search…

Yup…I noticed the exact same thing…We’ve actually completed the pattern by closing below the 800 level in the S&P and around the 7,000 level in the Dow…

These patterns are HUGE and and I do not think most folks realize just how severe this really is…According to the swing rule we would see the S&P fall into the 100 range!

Then look at the Dow and apply the swing rule there..Were talking anywhere between 1,000 and 4,000 on the Dow…

]]> by: CONTANGO http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-37315 Sat, 28 Feb 2009 01:44:40 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-37315 .....and if it decides to form a TRIPLE TOP than all the DOUBLE TOP talk was nonsense. Assuming that the world has had it's fill of bubbles for a while I think we are more likely to drift around the 25 year trendline level for some time to come. …..and if it decides to form a TRIPLE TOP than all the DOUBLE TOP talk was nonsense.

Assuming that the world has had it’s fill of bubbles for a while I think we are more likely to drift around the 25 year trendline level for some time to come.

]]> by: avengine http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-36866 Mon, 02 Feb 2009 20:43:44 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-36866 this is very scary too, I heard more and more people talk about the 2nd wave of the sub-prime problem, would this also related to the problem that we are seeing now. this is very scary too, I heard more and more people talk about the 2nd wave of the sub-prime problem, would this also related to the problem that we are seeing now.

]]> by: Gurraj http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-36239 Tue, 30 Dec 2008 08:35:42 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-36239 I see the same type of formation (double head) for DOW also. For s%P this might take us all the way down to 4k, very scary! I see the same type of formation (double head) for DOW also.

For s%P this might take us all the way down to 4k, very scary!

]]> by: buzgz http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-35676 Fri, 21 Nov 2008 17:05:14 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-35676 I don't think we should worry about this. After all, no other TA has worked lately. I don’t think we should worry about this. After all, no other TA has worked lately.

]]> by: TheTraderBlog.com » Morning DOW - Broken http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-35643 Thu, 20 Nov 2008 10:48:49 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-35643 [...] Others are also seeing a significant top forming. Check out this massive double top on the S&P500 from Trader’s Narrative. Sorry to say, the party is over for quite a while. And also note that some of the bears turned bulls are turning back to bears … Stopped Out Longs, Possible Shorts. This should get very interesting. The Plunge Protection Team (Magical Support …) is on high alert this morning! [...] […] Others are also seeing a significant top forming. Check out this massive double top on the S&P500 from Trader’s Narrative. Sorry to say, the party is over for quite a while. And also note that some of the bears turned bulls are turning back to bears … Stopped Out Longs, Possible Shorts. This should get very interesting. The Plunge Protection Team (Magical Support …) is on high alert this morning! […]

]]> by: RT http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-35641 Wed, 19 Nov 2008 20:18:50 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-35641 I've been a technician for years. I do think you nailed the the "Head N Shoulders". Price patterns have been able to show the mind set of traders for years. The H&S you pointed out just verifies that. Good call RT.. I’ve been a technician for years. I do think you nailed the the “Head N Shoulders”. Price patterns have been able to show the mind set of traders for years. The H&S you pointed out just verifies that.

Good call
RT..

]]> by: debreuil http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-35632 Wed, 19 Nov 2008 01:43:22 +0000 http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html#comment-35632 Yeah, it <a href="http://debreuil.com/temp/bubble.png">looks like this</a> a bit : ) Yeah, it looks like this a bit : )

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