One of my favorite people of all time, Norm MacDonald, somewhat famously embarrassed Courtney Thorne-Smith in this Conan interview back in the late 1990s. If you haven’t seen it, you absolutely should watch the whole thing, or if you have seen it a dozen times, like me, you will enjoy watching it again.
I remain heavily short the market, with a mere 4 of my zillions of positions still in the red (and by only a tiny amount). One of my favorite shorts is Brinker International, the company that owns purveyor of vomitous junk at Chilli’s as well as some other unfortunate venues. Here is the topping pattern:
Here’s a longer-term view, which includes an analogous pattern before. The symbol is EAT.
The latest bloodthirsty attack by the religion of peace caused the ES to collapse by a tiny fraction of a percent for a couple of hours last night, but bulls seem to have a penchant for terror attacks, so all is well again. In spite of dead children and hundreds of injured innocents, the bulls are bidding up assets to prices never-before-seen.
As a chartist, I find the symmetry of these triangles rather interesting, although obviously I’d prefer we not break to the upside.
When SlopeCharts first came out a couple of weeks ago, I said it was very much a version 0.1 product (even though, in some respects, it’s already the best charting product on the web). I’d say we’ve moved up to version 0.2 by now with the introduction of our first technical indicators, which are accessed with this button:
I had almost forgotten about the post I did in January, but in it I pointed out the very bullish pattern that bitcoin (of all things) was exhibiting. Here’s what it looked like four months ago:
And now, having shown that technical analysis works even on goofy new digital financial instruments, we have seen it double in that short amount of time (original base highlighted):
My “Lessons I Never Seen to Learn” list has a growing number of entries. I’ve talked about the Gartman one repeatedly, but another one is this – – never short Mexico! I just can’t seem to get it right with this financial instrument. One of these days I’ll finally realize: NO MAS! Just look at all these price bar islands…………