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

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.
That monthly candle is interesting... will be interesting to see where it ends up
Btw since 2012 it has only been one weekly red candle, we just got 2 weekly reds
It appears the highs in those boxes boxes in 2000 and 2007 are actually a double 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
CosmicDust mike.lawler.969
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...
Thanx for this chart, i was looking for it!
You are welcome!
2use CosmicDust
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
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.
2use CosmicDust
This weeks candle looks a lot like 2008 though
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