Otherwise that long term head and shoulders in the S&P that looms like Godzilla over Tokyo would have more sway. Any astute elaboration on its meaning (or not) handy?
Tech Anal.."no respect I tell ya"
- Thread starter omegapoint
- Start date
Broadening formation in nominal terms. Series of lower highs, lower lows in real terms. Just a market trying to digest decades of fiscal/monetary irresponsibility. That is not a giant sHs...let me rephrase...let's hope that's not a giant sHs. Some bears are rooting for that, but if a market totally implodes, the agents can no longer play their dominant strategies which are premised upon a market that is functioning
and existent. Equilibrium can't be destroyed, the game won't go on if it is. If you find yourself rooting for an economic/financial catastrophe...you probably need to see a shrink.
Thanks for the Inquiry,
Jh
Not me, I couldn't be more neutral an observer. You were doing so well up until the last sentence.
It's what is called a megaphone formation . . . Predicts straight shot through the old highs.
No more than wishing for good things will manifest their existence ...as in praying. That head and shoulders looks like a duck. It hasn't quacked or walked like a duck yet but you're on
reasonable ground if you account for the possibility.
