The Worst Technical Analysis Of All-Time

Look folks, every now and then you see something so brainless in your area of expertise that you can't just sit on the sidelines and say nothing. You gotta leap out of your seat from the sidelines and point your finger and articulate sir, what you recently said was dumb.

Econbustsoon of YouTube has just uploaded a new technical analysis video that is, well, stupid.

To insert a little backdrop here, this guy is a Republican who believes Glenn Beck of Fox News is hip. I am amazed anyone with an IQ over 80 watches Fox News anymore. I always feel a little more dumb after looking at Fox News. We report you decide, tongue in cheek, wink wink.

Consequently this is one of those guys who believes western civilization will go bust by the end of 2010 and that you ought to purchase gold.

I hate when gold ingots experiment in technical analysis with a partiality in opposition to stocks. That's scholarly dishonesty to say the very least.

Therefore what Econbustsoon has done that has pulled me off the sidelines and has got me pointing my figure at him and calling him lame is the technique of technical analysis he uses in his video to support his predisposed Republican view points.

It's terrible. No, it is beyond awful: it's STUPID.

This technique of stock charting is NOT how you should do technical analysis on stocks. Econbustsoon is simply concerned with putting his Republican views out there with the aspiration of gaining followers. He is not concerned about you losing money if you take his instruction. If he was, he would not use some elementary, backwoods, make it up as I go along, system of technical analysis. You will not hit upon any reputable technical analysis books or websites informing you how to photoshop a stock chart in order to forecast where a stock market is going. He tries to come off as credible by saying "Past performance is no guarantee of future results ladies and gentlemen BUT if you are not paying attention to the symmetry of time..." and then he does his fake technique.

You wonder if Republicans are getting careless when they need to resort to photoshopping stock market charts to make them show what they crave.

Keep in mind, now and then people do or say things so stupid that it is better to just get out of there way and let them glow in all their stupid glory.