$SPX: Long Term Double Top

Since the break of the 200wk moving average in 2008, we have been below that important average ( as some call it the mother of all moving averages). In April we tried to take that out and we couldn't. Recently we breached that line but only for a short while. This could be the double top that I am fearing in the US markets. I'm not a doom and gloom guy but there are people out there that are predicting some dire numbers for the DOW and SPX like Russell (Dow theory) Charles Nenner calling for 5000 on Dow, and Prechter Elliot Wave ( 7000). If you are long, all long maybe hedge with contr ETF's or raise cash, or keep an eye on the commodity stocks as the economic conditions worsen, more QE, and growing Debt in US and Europe become more a part of daily news it maybe too late at that point. Do your own homework! Dont fall in love with the mutual fund guys who come on CNBC and tell you that everything is great and they can make you money. I learned my lesson in 2008. Good Luck!