Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Sunday, March 17, 2013
SPX Weekly Chart Matches the Bernie Madoff Returns Chart
Something is special about the long four-year rally that is ongoing (the typical market rally is 30 months; the 2003-2007 rally was 4 1/2 years). Then it was obvious about what was so special. The SPX can be dubbed the Bernie Madoff Rally. The chart action is eerily the same. Madoff turned out to be the largest Ponzi Scheme in history. Makes you wonder how the SPX ends. For now, the Bernie Madoff SPX Rally lives on. Thanks to Bespoke for the Bernie Madoff chart above which was annotated by Keystone.
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