Moments ago, I saw that ZH ventured into an area that they normally don’t, which is classic technical analysis (which is, I say selfishly, kinda my thing). They offered up this long-term chart of the Dow:

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Moments ago, I saw that ZH ventured into an area that they normally don’t, which is classic technical analysis (which is, I say selfishly, kinda my thing). They offered up this long-term chart of the Dow:

I wasn’t watching the market in 2008 as closely as I do today, so I didn’t observe the legendary Volkswagen Short Squeeze in real time. I have been watching the insanity in GameStop (GME), however, and it is jaw-dropping. This is a stock was was less than $3 only nine months ago, and it got up to about $140 this morning based on nothing but squeezing the everlovin’ life out of the bears, led by a merciless /reddit army.

This is probably the first post ever that’s largely been constructed on Slope Mobile. Our mutual friend NYUGrad sent me these images and suggested them for a post. The video referenced (which just came out today) is at the bottom and is worth a look:

In the parlance of candlestick charting, a “wick” is the skinny line protruding either above or below the color rectangle (known as the “body”), and long wick typically denote volatility and uncertainty. The year 2020 was certainly chockablock with wicks, and below are eleven charts, constructed with annual bars, with some comments in each captioned area.
