Tick Talk

“Technical Analysis is a financial markets technique… that is considered by many academics to be a pseudoscience at best.”  I found that quote at Wikipedia so it must be true.  After all, if you’re not academic, you’re stupid - right?  

Well, given the moribund performances of the supremely educated GS, WFC, C, BAC, WAMUQ, USB, JPM,  

- oh and the petitio principii of the U.S. Federal Reserve, perhaps now is a suitable time to step away from charting agnostics and entertain (or be entertained by) the market wizards that peep and mutter with divination.  

Here is the horo(r)scope for the S&P 500 (wait - this must be read aloud in a whisper with one eye closed while your other eye almost closed and your chin is in the air and your accent mimics a gypsy [or dracula]).

“I see you had a hectic childhood. You moved around alot before you found stability at age 12. Twelve is an important number to you, isn’t it?”

“Ah, and what is this? You blossomed and grew tenfold -but something happened at the end of that growth spurt. You stagflated and oscillated in what was some kind of mid-life economic cycle. The number 100 has two meanings, in the first case it represents the zone of your twenty year struggle; in the second case it is your triumphal increment of movement from then on - but beware of pride, for those movements can just as easily be downward.”

“Recently you have a Gemini top of equal heights. This could mean many things. If you fall below 750, your future is a quick death. If you can stay in the 750-1500 range, all will be well.”