Why the TBT Resists Technical Analysis
There's always room in our brood for another technician, whether voluntary or involuntary, and from Doug's reluctance to acknowledge too much in the way of a technician's way of life, this one may be more involuntary. Sort of the way a turkey on Thanksgiving may feel. It's one thing to be invited to dinner, but a turkey is forced to attend rather than doing it by choice. Both technicians and fundamentalists find themselves the turkey from time to time, though. It works both ways.
Earlier this year, Altisource Portfolio (ASPS) looked like it was about to break down technically. I even bought puts on the name. Yeah, it was less than half the price it was today. The fundamental case set me up as the Thanksgiving turkey, and longs ate my puts for dinner....448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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