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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Tuesday, March 12, 2013

Will We See SPX Cannibalized for a Third Time?

With price fast approaching a 13-year triple top, it's hard to imagine not seeing some cannibalization occurring in the SPX at some point soon.


After all, if the world's most recently coveted stock, AAPL, could and did suffer such cannibalization (as I wrote about here and here), it would appear that nothing is infallible (in spite of the Fed's POMO activities).