One of my favorite technical tools is the Exponential Moving Strategy (EMA) that incorporates the 15-week EMA and 40-week EMA. The strategy simply states that if the 15-week EMA is above the 40-week EMA, the primary trend is up and "Bullish." If the 15-week EMA is below the 40-week EMA, the primary trend is down and "Bearish." Just as valid as the EMA strategy has been since 1994 is the potential set-up of a "Triple Top" at 1560 to 1580, based on the 15/40 week EMAs. A "Double Top" occurred in 2000 and 2008 with subsequent price declines from 2008 (January) to 2009 (March). A "Triple Top" from the current levels would portend to even greater price declines than that occurred from 2008.
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