Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||What's Dead? (Short Answer: All Of It); entered at 2009-03-11 12:22:12|
Guys, I think Alchemista asks a fair question. Ya gotta admit: this particular Ticker was a doozy. Scared the hell out of a lot of people, including me. I even made the mistake of passing it along to my still-skeptical missus; something I rarely do. As a result, she is now even more certain that her beloved, adorable husband is bat**** crazy. That is no one's fault but mine, but in my case, this seriously limits my ability to act now to protect our family from the circumstances Karl warned of.|
I still think this Ticker scenario is probable within an indeterminent timeframe, but I would caution everyone, (including our gracious host), that one of the many ways to be wrong is to be right too soon. TF has a vastly larger readership these days, and IMHO, admitting an occasional misinterpretation of insanely complex technical indicators (if that's what happened here), does not undermine credibility- it creates it.
Having said that, the market situation reminds me be a bit of meterology in an age of Climate Change. (Not opening that discussion here: just stipulate it for a sec.) Weather forecasting based on long years of careful observation is fine so long as the fundamental assumptions don't change. When they do, predictions can become wobbly. When the global market are in such an extreme situation as now, it doesn't surprise me if technical analysis becomes a challenge.
Just my .02
Last modified: 2009-03-11 12:58:35 by buck350