Stepping away from the phone market for a moment, this is something very common in stock and bond market analysis.
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Most who try to blend their fundamental view of a market or stock with technical analysis often end up on the wrong side of the market.
Just a few thoughts to ponder as the stock market tumbles, and big-picture analysis extends the trend of the last couple of years of dysfunctional politics in Washington, predicting dire long-term consequences, even as there is increasing evidence of work being done to reach a compromise and end the dysfunction.
As I discuss in more detail below, the intermediate-term analysis remains positive for the stock market.
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The recent rally has confirmed the longer-term analysis from November 15 that concluded that the stock market had not completed a major top.
Some observers scoffed at this analysis, but three weeks later the stock eclipsed the market, immediately making him an Internet "guru" and Wall Street phenomenon.
Chart Analysis: To get a clear outlook for the stock market I look at the year-to-year closes in most of the major stock market averages.
But stock market investors do not appear to be impressed with the wave of research analysis that swept through Wall Street on Wednesday.
Technical analysis is a controversial art form, as I discuss in 101 Ways To Pick Stock Market Winners.
Chart Analysis : In either a bull or bear market, whether you are talking about a stock, ETF, or commodity, it is common to see a series of flag formations.
Rely on relative performance or RS analysis, to stay invested in stocks that are leading the current market, and consider this tech stock, which looks poised to outperform now.
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