Replies to post #160282 on SPDR S&P 500 (SPY)

[rawiron1]

So basically the same thing Phil Grande and others have been saying, crash is coming. Big $ is not buying these rallies. Fed is pumping up a balloon with a hole in it.

SPY

[risk on]

That's a well created chart, with a blue line added up. I wonder, with all due respect, if that same chartist didn't have the exact same chart with a giant red line added when things were looking bad a week or so ago. My point being, the wave thing, like most carts are all seen differently, but the chart doesn't lie, as numbers don't lie, but an individual adding in lines up or down is purely subjunctive, and as such open to change , as their opinion changes.

[gdl]

Great point. The chart so far is indicating wave 4 simply because we haven't broken down below the 1850 mark. I agree with the argument but have not made a decision on where we are yet. I will have to see the breakdown first.

The T-Line according to someone has already shown a full proof answer to that question. Is convinced we are about to breakdown much further than 1800. He is neutral and has no bias, and hasn't used a dozen other reasons to proclaim the sky is falling over the last 9 months.