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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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Reader Comments (Page 1 of 1)
1-29-2009 @ 6:22AM
al coholic said...
We could name it the "lame duck" formation.
1-31-2009 @ 10:01PM
vinnie said...
What do you think of Tec. Anal. / To me the fund manager that made that comment about T.A. seems to know very little about it or is it that is what she wants others to think? It is about probabilities based on formations that have a history of repeating itself. Where do you stand?