Technical Vantage Point

While being a quant is my predisposition I contend that a person active in the stock market trades at a severe disadvantage when their proclivity is nihilistic in the interest of technical analysis. In today's marketplace the magnitude of trading from a strong technical vantage point is cyclopean in the least. It is this elucidation in the aforementioned that should guide a person in and out of his chosen investment. In many cases the technical merits of a potential investment is the illuminating catalyst spawning the very position. Anyway, I digress.

How many individual investors were buyers during this year's Santa Claus rally 12/21 and 12/24? Despite the strong volume on the 21st the trend suggests that longs stay sidelined until pivotal resistance levels are taken out. I wouldn't be enthusiastic for any prolonged run until the S&P moved through 1525.

A little more knowledge, sure, but discipline, certainly, the separating chasm; the difference between the Joes and the Pros.

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