Are you a Bull or a Bear?

Technically a picture is worth a thousand words –certainly worth more than a compelling story. It is that compelling story that keeps us in a losing investment – long after the picture looks bad.

Technically we know the financial stocks lead the broader equity markets and finally the best technical indicator is the very long term primary trend line. So all the technician needs is a long term bar chart – monthly bars – a semi-log scale and a straight edge

The lower study is the old reliable Joseph E. Grandville On-Balance-Volume (OBV)

The plot of 10+ years of Goldman (GS) tells it all

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