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Hilarious: Technical analysis predicts trouble

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A message board poster has put this hilarious chart showing that S&P 500 could be in for a rough ride. He writes that "The very rare black swan formation - note both feet and neck are complete and the rare vampire tooth variation is in place. This is very bad. Very very bad."

In his email newsletter, hedge fund manager Whitney Tilson writes that the chart "just about sums up the usefulness of technical analysis."

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Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 23, 2009: 03:59 AM

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