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Bottom Callers of the World Unite
Posted By Barry Ritholtz On May 19, 2006 @ 4:00 pm In Technical Analysis,Trading | Comments Disabled
Why has the market failed to bounce (or bounce much, anyway) ?
My guess is that everyone is calling for a bounce.
Technicians, value players, macro-economic observers, traders have by and large been looking for a bounce (present company included). Me, Jim Cramer, Cody, Bob Carver , Dick Arms, BCA, John Roque, and many many others all asked for a bounce.
Hence, we didn’t get it.
A few people deserve credit for not guessing the bottom: in particular, Alan Farley  and James Rev Shark DePore.
BCA ran this chart:
A Technician friend sends this chart along:
Until we get more disbelief, there will likely be no bounce . . .
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2006/05/bottom-callers-of-the-world-unite/
URLs in this post:
 Bob Carver: http://marketclues.blogspot.com/2006_05_01_marketclues_archive.html#114800999137413352
 Alan Farley: http://www.hardrightedge.com/
 Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/bca_20060519_1.gif
 Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/nasdaq_gso_chart.png
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