U.S. stocks: S&P 500, Dow hit record levels

strong dollar will bring us economy down, even now, us stuf becoming expensive than others.

Cheap asian exports will flood US economy once again. More U.S. jobs will be lost because of dollar strength. I know the market loved this stimulus but it's horrible for US exports .

145 est dow volume under 45 million. Huge moves up but no conviction . Why is the market so rigged?

its not rigged. its all a matter of beliefs. i believe it not rigged. they call sp500 a benchmark for a reason

Of course it is rigged, FED shout QE market flys up, looking back in history we can see how it goes:

Sept. 1929
"There is no cause to worry. The high tide of prosperity will continue." Andrew W. Mellon, Secretary of the Treasury

Oct. 14, 1929
"Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board". New York Times

Dec 5, 1929
"The Governments business is in sound condition." Andrew W. Mellon, Secretary of the Treasury

Dec. 28, 1929
"Maintenance of a general high level of business in the United States during December was reviewed today by Robert P. Lamont, Secretary of Commerce, as a indications that American Industry had reached a point where a break in New York stock prices does not necessarily mean a national depression." Associated Press dispatch

I quote from 1929 pre crash

n the spring of 1927, Montagu Norman and other governors of European Banks asked the Federal Reserve to ease their monetary policy and they agreed, reducing the rediscount rate from 4 to 3.5%, a move that Lional Robbins described as resulting “in one of the most costly errors committed by it or any other banking system in the last 75 years”. The funds released by the Fed became available to invest in the stock market and “from that date, according to all the evidence, the situation got completely out of control.”[8] Galbraith disagreed with this simplistic analysis by arguing that the availability of money in the past was no sure recipe for a bubble in common stocks and that prices could still be regarded as a true valuation of the stock at the end of 1927. It is early in 1928 that the “escape into make believe” started in earnest, when the market began to rise by large vaulting leaps rather than steady increments.

Anyone see the parallel between now and then, just wait for the brokers to offer stock buying loans and history will indeed repeat.

My forecast for a top in the SP would be 2072.81 to 2079.20, the lowest possible position for a top would be 2032.79 based purely on market geometrics.

Date for the fall is first week of this month between the 8th and 11th October 2014. My key date is the 7th Nov for the actual high

How I would trade it is as follows, simply wait for the 7th to roll around, and then see where we are in price, should we hit a level before the date then its of no importance and you can disregard it. Only when the price and time come together is a trend change possible.

The SP futures market hit 2032.75 which is my lowest possible level for a top (prediction 2032.79 on the 7th November). We have now met the conditions for a possible top to be in place.

My prediction means nothing, now it is up to the market to confirm if my prediction is correct or not. The confirmation of a top will be the market turning here and falling.

Just to add here that the 22-23rd November 2014 is the only other point I have here in time for a top position. So if the markets go through my ideal top which is the 7th, then the only other levels are the ones listed above and the date is the 22-23rd on November 2014.

As I said my prediction is a prediction not a fact, hence I will look for the market to confirm if I am correct or not.