DJIA Rearing Its Ugly Head

"It must not be supposed, however, that technical analysis in the hands of an investor is a crystal ball. This is where most students of TA become frustraded and discouraged and are apt to conclude that TA is of no value: it is because they treat it as a means of knowing the future. This is a grave error and one to be avoided at all costs...More than anything else, TA is a risk management tool, to use the modern vernacular." (Clif Droke, conhecido analista yankee)

Quem acompanhou as 2 análises abaixo talvez não tenha ficado surpreso com o price action de quinta e sexta nos mercados americanos...*

http://marketsbyfactfinder.blogspot.com/2008/01/in-fed-we-trust.html, em 28/janeiro;

http://marketsbyfactfinder.blogspot.com/2008/02/recap-de-in-fed-we-trust.html, em 08/fevereiro;

* Confesso que esperava, no fundo, ver o DJIA superar os 12,8k na semana que passou. No entanto, aceito prontamente o que o mercado faz. TA is a wind sock, not a crystal ball.