Tops rwo

The Fib Queen
Watching her the other night, she has 2 favorites. The 8/34 MA  and 1.272
If we take the 11-16-12 *closing* of spx 1359 *6.272% we get 1446 the almost exact close pivot high on 12-18-12

So if we take the 12-31-12 pivot close low of 1426 *5.272% we get *1520* close.

Now 1520 close can't be a top because we need a candle like this for a top!


http://stockcharts.com/school/data/media/chart_school/chart_analysis/introduction_to_candlesticks/candle1-longshadows.gif


Many will shoot this down. LOL

So let me say it this way. If 1220 close  is a top, intra day we need to run up to ideally to 1229+

thoughts?

Looking at Tops

 This is a weekly view of the SPX just to see if things look right or wrong.
First is 2000 top then 2007 top and current market.
Jerry


The look ,could they be waves?