We always find it cool when someone applies a unique perspective to present their point. Charles Kirk has done it in presenting an argument based upon technical analysis for buying the stock whose recent performance is presented in the following chart (HT: Barry Ritholtz):
If you're a fan of technical analysis, would you buy this stock?
Most chartists would answer yes. So the question now, as the chart is really an inverted image of the Dow Jones Industrial index's recent performance, is what will the technical traders do? And what can we expect from the market as a whole?
Labels: stock market
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Closing values for previous trading day.
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