Chart Patterns and TA

[cottonmather]

The Temptation of Eve. There's a relatively famous economist/statistician from Harvard who favors a market top about now - Harry Dent. But then, Bernie Madoff was from Harvard too, as are many other thieves and such. But like many, I have found numerous technical relationships that follow the Dent suggestion (of which can meander into July and even longer 4500).

He contends 4260 is an approximate top for the S&P from which 50% or more in decline will be realized, but suggests 4500 is another such target. Dent target

I doodle and doodle and doodle and doodle and doodle with charts, scans... enough so, I now tie my hands to where they cannot reach my hair. The NYA is a dinosaur having an unusual collection of patterns pointing to this very period of potential turmoil. NYA1 and NYA2

Stop there? No way. I'm stupid. There is a technical scenario called the Dow Theory elevation - demonstrated support/resistance levels are broken in a top. Dow1 and Dow Transports 1

That said, the Fed is doing reverse REPOs and buying other debt than can skew anything. What do you do? The Temptation of Eve.

btw... the two picks were found on my nightly scan. I am not familiar with either one.