DOW Topped Out

I'm looking at this thing, and it probably has some topping formation it needs to complete before a huge fall, but it looks VERY close to THE top! I'm basing this off of the structure of the up move we've had since the bottom in 2009. I think 900 needs to get tested. First, though, 13500 needs to be tested. Those are minimum targets, I reckon.

I've read some interesting reports on other historical reasons why we are near a top, and here's one:
http://www.newsmax.com/Finance/MKTNe.../01/id/492699/

I'm interested in hearing from other members who have an opinion on the long-term direction of the Dow (US stock markets in general), and what reasons they have for their opinion. Maybe some other good reports they have read, or their own analysis.

I do not trade in the stock market, but it is always good to have an idea where the stock market is headed.

Let's share some thoughts in here!

Here's a chart I saw yesterday. Just someone's opinion so.........
I have put spreads on the S&P and long positions in the vix. Took partial profits in vix today but will add again on a pullback.
***BTW, do you know the link you provided is an article that's more than a year old?

Why bother trying to pick the top? You get screwed the most trying to pick a top in these.

I am doing this for fun and knowledge. I'm not trading stocks or stock futures.

Agree, that's why I used options rather than shorting the underlying. Controls risk :-)

Yeah, vix is a big sign for me, things will pick up for sure, and I just don't see a big move to the north so.....

Yeah, article is old, but I doubt much has changed considering what little has happened in stock market for last year.

As for the chart, that is basically what I think will happen. Something like that, maybe takes a little longer, but it looks and "feels" like we're at/very close to top.

I don't think this will top out until interest rates start to increase (or just before if you know what I mean).

I've heard off the main grid estimates the DOW will reach 30,000.

Not because we have a healthy, sustainable, glowing, economic global outlook, but because interest rates are giving no income.

Best bet

Maybe we are already at the "just before'' stage. There sure has been a lot of talk about it for several months now.

Kind of interesting.

Funny thing is this chart is really old, but probably just as relevant today. Elliot Wave guys are always way too early with their long-term calls, so now is probably a better time to look at this stuff anyway.

So far the top has held and we're seeing some strong sell-offs. I'm starting to think that the stock market will tank, which will then cause a rise in interest rates to be postponed indefinitely, thereby putting pressure on the dollar. This fits nicely with what I'm seeing in the currency pairs.

I'm out of stocks already, bonds are starting to fall and I'm not liking what I'm seeing in the DAX and DJ.

it's a buy... Leverage up ur buys and get rich