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Barrons picks up “Bull or Bear Market”

Posted By Barry Ritholtz On October 6, 2004 @ 1:25 am In Media | Comments Disabled

barrons_online

Oops! I overlooked this: The print edition of Barron’s picked up last week’s Bull or Bear Market? [1] commentary. The focus of that piece was a technical observation about the markets, and our expectation that the SPX could pull back to 1100-1105 before bouncing, based only on the charts.

I find it amusing when people call technicals “voodoo,” thus revealing their ignorance of accumulation and distribution by the large institutional players. (Remind me to tell you a Sands Brothers story on that in the future).

The SPX hit 1101, before bouncing over 40 points. This is not a testament to my ‘genius” — rather, its an acknowledgement that the charts often reveal where buyers tend to come into the market, and where sellers might later appear. I couldn’t imagine not looking at a chart prior to a purchase or sale, if only to see where my stop losses should be placed . . .

Source:
Bull or Bear Market? [2]
Barron’s MARKET WATCH TODAY
Monday, October 5, 2004

http://online.barrons.com/article/SB109667440795034221.html


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/10/barrons-picks-up-bull-or-bear-market/

URLs in this post:

[1] Bull or Bear Market?: http://bigpicture.typepad.com/comments/2004/09/bull_or_bear_ma.html

[2] Bull or Bear Market?: http://online.barrons.com/article/SB109667440795034221.html

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