DavyJ

Weekly ETF Rewind: Back in Overbought Territory

Over-bought or not, look at this almost perfect inverse head and shoulders pattern on the weekly chart.

stockcharts.com/h-sc/u...

It's odd that I see no other mention of this, considering how much the head and shoulders pattern on the daily chart was in the news 5 or 6 weeks ago.

Kind of scary if one is bearish.

Or is this another setup to catch the technical analysts off guard?

The World's Revenge

You said: " and the tax & spend policies of the Bush years have dug a financial hole that will be most difficult to recover from".

Surely you meant "borrow and spend".

In 2000 our national debt was under $6 trillion. Our next president will inherit a debt of close to $10 trillion.

So much for the theory that cutting taxes will raise government revenue.