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Old 08-11-2010, 06:40 PM   #1

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Long Run ES: Double Top?
I noticed this today:



This looks like a classic top patten, but on a large scale. I really haven't put much thought into this and was wondering if we could get a discussion going.

If the market keeps falling I may be inclined to put out a short position based purely on technical grounds....but that is just me.

Maybe there is more to the 'credit crunch' than what has already been uncovered.....
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Old 08-11-2010, 08:45 PM   #2

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Re: Long Run ES: Double Top?
I have been watching SPY with the same idea:
SPY charts - Traders Laboratory - Professional Traders Community
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Old 04-28-2011, 11:35 PM   #3

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Re: Long Run ES: Double Top?
Quote:
Originally Posted by method »
I noticed this today:



This looks like a classic top patten, but on a large scale. I really haven't put much thought into this and was wondering if we could get a discussion going.

If the market keeps falling I may be inclined to put out a short position based purely on technical grounds....but that is just me.

Maybe there is more to the 'credit crunch' than what has already been uncovered.....
Personally, I dont think the pattern pushed through. It should have broken the neckline for the pattern to become valid.
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Old 04-29-2011, 12:28 PM   #4

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Re: Long Run ES: Double Top?
Erm, I'm pretty sure it did break davie.d
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Old 04-29-2011, 12:48 PM   #5

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Re: Long Run ES: Double Top?
Looking at that chart, I can't rule out a double-bottom base...
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Old 04-29-2011, 01:14 PM   #6

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Re: Long Run ES: Double Top?
> Long Run ES: Double Top?

statistically speaking...
there is no such thing as double top
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