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?

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