OH NO, It's The Dreaded Triple Top!

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		Tech Science Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Tuesday, August 21, 2012 OH NO, It's The Dreaded Triple Top! Traders have been talking about the S&P's Triple Top recently, as the index hit highs not seen since before the financial crisis began in 2008. The Triple Top is a take on the Head and Shoulders trading pattern, that garnered attention at the end of 2011 (more on that here). Simply, the Triple Top is three peaks perforated by recessions or sell-offs in between rallies. Volume tends to decline from the first peak to the second, and from the second to the third, something we've noted has been endemic to the recent trading data. Take a look below at the pattern that's formed over the past 14 years (longer than the few month pattern generally associated with the Triple Top). Let's put those peaks in perspective. SEE ALSO: Does a watched VIX ever boil > Read » Also On Money Game Today: STOCKS SLIDE AFTER HITTING 4-YEAR HIGH: Here's What You Need To Know Banana Imports: 1907-1941 JPM's Michael Feroli Has A Crazy Idea To Fix The Economy That Is A 'Guaranteed Demand Igniter' DOUG KASS: The Last 5 Times The VIX Was This Low, Markets Got Ugly Really Fast Advertisement CHART OF THE DAY: The Chinese Stock Market Tumbles To A Post-Crisis Low CHART OF THE DAY: The 'Housing Recovery' In One Unequivocal Chart CHART OF THE DAY: The World's Central Banks Are Bulking Up In Gold Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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