Monkey Throw Dart: Seeing Is Believing?

Sunday, July 12, 2009

Seeing Is Believing?

Prediction is very difficult, especially of the future. ~Niels Bohr

Ever look at a cloud and think that you see an object like an elephant or mongoose in it?

I'm no expert but does anyone else see a head and shoulders pattern forming in the S&P chart below? If so, this may be the sign that the market is going back to where it came. Being firmly in the QID, I would hope that this predictive pattern really is predictive and not just a mass of water vapor.

cmi 22mo