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Jeff Cooper: In Current Market Action, Chart Shows Parallels to 2000 and 2007
From the Buzz and Banter: Got geometry?
Jeffrey Cooper    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.

February's S&P 500 (INDEXSP:.INX) range is 130 points. Since 130 is straight across and opposite late last week, we are left with a possible square-out of the range confirming a potential high -- of what degree remains to be seen.


Click to enlarge

The run up a few months from the January peak is reminiscent of the March high in the Nasdaq (INDEXNASDAQ:.IXIC) and S&P two months after the January high in 2000.

Additionally, Friday's high was roughly 20 points over the late December peak, which was the same relationship the July primary high had with the October culminating high in 2007 (1556 to 1576).

Finally, I can't help but wonder whether Friday's new high was a false overthrow of the prior peak, mirroring the false undercut low in October 2011 off the prior climatic low two months prior.

As above, so below?

Twitter: @JeffCooperLive
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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Jeff Cooper: In Current Market Action, Chart Shows Parallels to 2000 and 2007
From the Buzz and Banter: Got geometry?
Jeffrey Cooper    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.

February's S&P 500 (INDEXSP:.INX) range is 130 points. Since 130 is straight across and opposite late last week, we are left with a possible square-out of the range confirming a potential high -- of what degree remains to be seen.


Click to enlarge

The run up a few months from the January peak is reminiscent of the March high in the Nasdaq (INDEXNASDAQ:.IXIC) and S&P two months after the January high in 2000.

Additionally, Friday's high was roughly 20 points over the late December peak, which was the same relationship the July primary high had with the October culminating high in 2007 (1556 to 1576).

Finally, I can't help but wonder whether Friday's new high was a false overthrow of the prior peak, mirroring the false undercut low in October 2011 off the prior climatic low two months prior.

As above, so below?

Twitter: @JeffCooperLive
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

More From Jeffrey Cooper
Jeff Cooper: In Current Market Action, Chart Shows Parallels to 2000 and 2007
From the Buzz and Banter: Got geometry?
Jeffrey Cooper    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.

February's S&P 500 (INDEXSP:.INX) range is 130 points. Since 130 is straight across and opposite late last week, we are left with a possible square-out of the range confirming a potential high -- of what degree remains to be seen.


Click to enlarge

The run up a few months from the January peak is reminiscent of the March high in the Nasdaq (INDEXNASDAQ:.IXIC) and S&P two months after the January high in 2000.

Additionally, Friday's high was roughly 20 points over the late December peak, which was the same relationship the July primary high had with the October culminating high in 2007 (1556 to 1576).

Finally, I can't help but wonder whether Friday's new high was a false overthrow of the prior peak, mirroring the false undercut low in October 2011 off the prior climatic low two months prior.

As above, so below?

Twitter: @JeffCooperLive
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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