aleatory » Technical Analysis http://aleatory.clientsideweb.net Sat, 17 Jul 2010 00:32:11 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Good Technical Article http://aleatory.clientsideweb.net/2008/10/22/good-technical-article/ http://aleatory.clientsideweb.net/2008/10/22/good-technical-article/#comments Wed, 22 Oct 2008 13:31:29 +0000 rutherford http://aleatory.clientsideweb.net/?p=40 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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