Thursday, November 21, 2013
Ritholtz would like to know what technical analysts think of this chart
Ritholtz - Merrill's secular road map, wherein we are provided with this chart:
If there are any technical analysts still reading this blog, maybe you can explain that chart? It does indeed look like a breakout after a long consolidation, and does indeed seem to target 2300 or so.
That certainly looks like the start of a secular bull market to me.
I mean, TA isn't wrong, is it?