Comments on: Heads-up: Time to buckle up http://www.1stMillionAt33.com/2008/01/heads-up-time-to-buckle-up/ A site to share my tips, tools, and humble thoughts on the journey to wealth Sun, 02 Oct 2011 19:26:45 +0000 hourly 1 http://wordpress.org/?v=abc By: CP http://www.1stMillionAt33.com/2008/01/heads-up-time-to-buckle-up/comment-page-1/#comment-3726 CP Tue, 08 Jan 2008 00:30:36 +0000 http://www.1stMillionAt33.com/2008/01/heads-up-time-to-buckle-up/#comment-3726 Frugal, I am an avid reader of your blog (I read it every day), however, this is my first comment post. I agree with your analysis that the technical layout does not look good on the S&P 500 or SPY. It certainly has formed a head and shoulders and within the last two days, declines on high volume past the neckline. Though, on the other hand, the index has moved into extreme oversold territory (1+ standard deviations below its 50-day moving average). I think we are going to retest those nasty August lows, but we also could trend upward on a reversal of the oversold market. Also, I think it would be great for both myself and your readers to include a chart of your analysis/trendlines to support your conclusions. Otherwise, great website, and I always look forward to your new material. -CP Frugal,

I am an avid reader of your blog (I read it every day), however, this is my first comment post.

I agree with your analysis that the technical layout does not look good on the S&P 500 or SPY. It certainly has formed a head and shoulders and within the last two days, declines on high volume past the neckline. Though, on the other hand, the index has moved into extreme oversold territory (1+ standard deviations below its 50-day moving average). I think we are going to retest those nasty August lows, but we also could trend upward on a reversal of the oversold market.

Also, I think it would be great for both myself and your readers to include a chart of your analysis/trendlines to support your conclusions.

Otherwise, great website, and I always look forward to your new material.

-CP

]]> By: Dong http://www.1stMillionAt33.com/2008/01/heads-up-time-to-buckle-up/comment-page-1/#comment-3724 Dong Mon, 07 Jan 2008 21:08:54 +0000 http://www.1stMillionAt33.com/2008/01/heads-up-time-to-buckle-up/#comment-3724 Ok, we are officially doomed. Ok, we are officially doomed.

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