CosmicDust

SPY study - Oct-Dec bars in 2000 and 2007 - 10/23/2014

AMEX:SPY   SPDR S&P 500 ETF
spy
175 9 6
spy
October will be behind us in a week, and what will November and December bring us? In 2000 and 2007, both months were down (meaning no year-end rally) and made lower low and lower high on monthly open and close.

This year will follow suit? Nobody knows. But if market can make a higher high, higher low or a new all time high in coming months, that can be a game changer. We will see.
2use
2 years ago
Thanx for this chart, i was looking for it!
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CosmicDust 2use
2 years ago
You are welcome!
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2use CosmicDust
2 years ago
Any chance of doing a more detailed comparison of these periods? I sadly lack time at the moment and it worries me as i think this run is a bit strange, but i was not here during the last 2 runs as i was too young back then
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CosmicDust 2use
2 years ago
The truth is they are similar until they are not! So I think it is important to keep mind open for all possibilities. The most important indicator is the price trend and we cannot know it beforehand. Any predictions are destined to fail (or a little better - 50% chance being right). My charts are to show possibilities rather than what will happen next.
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2use CosmicDust
2 years ago
This weeks candle looks a lot like 2008 though
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mike.lawler.969
2 years ago
It appears the highs in those boxes boxes in 2000 and 2007 are actually a double top....as the first tops were 4 or 5 bars priors......Our current situation is not a prior top....This sell off could be the needed 10 % shakeout everyone was holding their breath for.......this bounce was to aggressive...,,I am thinking this is the only a 4th wave...the 5th, a blow off top could be coming ....thanks for the chart.......this market
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CosmicDust mike.lawler.969
2 years ago
Thanks for comment and that is a great observation! Agree and keep mind open to a double top or even a higher high - who knows? Market will surprise most people, always...
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2use
2 years ago
Btw since 2012 it has only been one weekly red candle, we just got 2 weekly reds
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thatguy
2 years ago
That monthly candle is interesting... will be interesting to see where it ends up
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