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  • ebworthen: 
  • Comments (854)
  •  • StockTalk (6)
  Ah, the technical's again, while ignoring the fundamentals.
  
  If only we could resurrect the dead chartists and statisticians from 1929-1939 who could tell us they thought the same thing - until reality intervened.
  
  Those souls are gone and their ghosts cannot scream loud enough to prevent us from repeating their mistakes.

  Nov 13 11:31 AM | Link | Reply
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  • MarketGuy: 
  • Comments (649)
  •  • StockTalk (164)
  "bullish supercycle" is such a long term to repeat in text. Lets just call it "bs" for short.

  Nov 13 11:37 AM | Link | Reply
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  • jpiretti: 
  • Comments (194)
  The technicians were the only survivors in 1929 while the fundamentalists were the tools and liars of the investment banks. Simple technical tools would have gotten you either short or hedged using a 20 month MA or a 91/238 day crossover in Jan. 2008. I thank my personal God every morning there are folks like you on the other side of the trade....good luck....oh BTW, check both of those indicators now using an exponential MA and back check it. You will see a pretty consistent 4-5 cycle, but I have a strange feeling your going to let your political pre-dispositions get in the way of sound analysis.
  
  
  On Nov 13 11:31 AM ebworthen wrote:
  
  > Ah, the technical's again, while ignoring the fundamentals.
  >
  > If only we could resurrect the dead chartists and statisticians from
  > 1929-1939 who could tell us they thought the same thing - until reality
  > intervened.
  >
  > Those souls are gone and their ghosts cannot scream loud enough to
  > prevent us from repeating their mistakes.

  Nov 13 11:59 AM | Link | Reply
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  • jpiretti: 
  • Comments (194)
  Oh, one more thing...from April 1933 (New Deal enacted) to the end of 1939, the Dow 30 went from 50 to 150 (200%)...let me guess, you believe the New Deal prolonged the depression?

  Nov 13 12:11 PM | Link | Reply