February 11th, 2012
Published Daily
COMMENTARY for Friday

Powerful Rally Signifies…Nothing

by Rick Ackerman on June 11, 2010 12:01 am GMT · 5 comments

If the chart below were your comatose Aunt Minnie’s EEG, her doctor might tell you it was time to pull the plug. “There’s still some electrical activity in you’re aunt’s brain,” he would explain, “but it seems highly doubtful that she will ever return to a normal and productive life.”  Just so, even if it is a stock chart that we have reproduced, not an electroencephalograph. Specifically, it is a graph of price action in the E-Mini S&Ps over the last three weeks, and it could be argued that it does indeed represent an accurate picture of brain activity – such as it is — in the investment world. Whatever the case, there is no disputing that every little squiggle was put there by a human being, or at least by a » Read the full article


TODAY'S ACTION for Sunday

Oh, go ahead and putt…

by Rick Ackerman on June 13, 2010 12:08 am GMT

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