As U.S stock markets reached new highs, the question is “How high can the S&P, Nasdaq and Dow Jones can go?
The answer is no one knows, but usually the data and charts don’t lie, and below is an article from “Acting Man” with some charts that says we may be near a top.
My speculation, and that is all it is…a guess, is that the S&P will go down again, then back up to almost the previous high we just established forming a triple top (head shoulder formation), then hold on to the bars of the roller coaster as it heads down. Studying the 20 year chart, the previous two peaks had this type of pattern…took a while to playout.
Read article:
http://www.acting-man.com/?p=34298
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Tags: Bubble, Stock Market
