— aleatory

Good Technical Article

I like Ashbaugh, he writes up good clean numbers & articulates conditions required for breakouts quite well. A nice break from the more abstract sections of the technical analysis sphere.

From a sentiment standpoint, analysts need to stop declaring how great this buying opportunity is.

Michael Ashbaugh, The Technical Indicator

He notes also the path of least resistance is down. A statistic from UBS equity analysts would appear to provide quantitative backup to this:

Fundamental concerns remain, however, and are most concentrated around the earnings outlook. Global earnings are down 15% from their peak so far compared to 30%-40% in previous cycles.

UBS Capital Markets

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