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What a Topping Pattern Might Look Like?

INDEX:SPX   S&P 500 Index
1972 8 2
Using Wycoff's topping rules, I've listed the 2008 Topping pattern and attempted to provide a glimpse of what may be in store. It's often difficult to pinpoint a top because they take some time to setup. Anyhow, if the topping pattern resembles the (RED) pattern, we may be setting up for a crash sooner than expected. Keep your eyes peeled.
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oops
3 years ago
an what is LPSY ?
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TradeVulture.com oops
3 years ago
Last Point of Supply.
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oops
3 years ago
and ICE ?
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TradeVulture.com oops
3 years ago
It comes from Wycoff's "Jumping through the creek, and breaking through the ice" metaphor. ICE=Support.
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oops
3 years ago
thx a lot , never heard of this kind of analysis.
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admin PRO
3 years ago
Thank you for the new idea!
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CapitalHubs
3 years ago
Nice system and chart! Seems to be a lot of psychology at the inflection points.
Let me share my view on the Topping Pattern with another system based on historical and psychological patterns.
Market Prediction 2009-2014? (part 3)
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