ockham

Dow Nears 50% Retracement; Tread Carefully

Thanks for your comment, Prudent Man CFA. I certainly respect and appreciate your comment as far as technical analysis, and you are correct we are not technical analysts in nature.

What we were trying to point out is more of an "Oh my God!" moment...we have lost 50% from the highs. My apologies for misuse of the word retracement.

On Feb 23 04:34 PM Prudent Man CFA wrote:

> Although I use technical analysis as a tool where appropriate, I
> would not classify myself as a "technician". Neither is the person
> who wrote this article.
>
> A retracement is calculated from the beginning of a trend to the
> top or bottom as appropriate, not from 0. Any bull market "retracement"
> was wiped out over a thousand points ago. A retracement in a bear
> market is from the bottom so we are not even near any such thing.

Helicopter Ben to the Rescue

what, what, what??? We are talking about financial markets right?

It started as a useful analogy and went somewhere else.