Wednesday, July 27, 2011

Is the Market Topping?

By Barry Ritholtz

Fascinating variation of the traditional SPX chart from Ron Griess of The Chart Store: Are we seeing a mirror image of March 2009 is a head & shoulders pattern?

I have no opinion, but a move over 1370 clearly answers the question in the negative. The “fear” of a debt ceiling settlement has kept the selloffs shallow.
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