Wednesday, September 16, 2015

This Blows

September 15, 2015
The stock market is in a 'coil' and ready to break loose

Here comes some technical analysis.

In an afternoon email Tuesday, Rich Barry, floor governor at the New York Stock Exchange, said that word on the floor among traders is that the stock market is in a "coil" formation.

And what this means is that no matter what happens next, it's going to be big.

Does the video mean that I think technical analysis is generally worthy of baby vomit or am I implying that something big might be coming up?

The answer is simple. Yes. ;)

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