Comment Re:No wonder ... (Score 2) 290
My bank balance says otherwise. Then again, I invest in companies, not in the market.
When you go in without knowing a thing about the underlying companies or industries you end up relying on technical analysis or gimmicks like this which as far as I can tell is one magic crystal away from invoking sacred geometry to make market predictions. To paraphrase Robert Anton Wilson: Given a small enough chart and a blunt enough pencil any collection of points can be made to fit into a meaningful pattern.