On the last trading day of the year,an appropriate and depressing thought from Tim Knight that has occurred to me more than once the last couple of years....but we battle on

"I pride myself on a preternatural ability to blast through charts at blinding speed and find meaningful patterns, support and resistance levels, breakouts, and breakdowns. It's one of the few things I'm seriously good at. But in this market, until our nitwit legislature pushes the farce that is the United States down to the next little milestone in our road to ruin, I have to wonder if the charts even matter anymore."

 http://slopeofhope.com/2012/12/is-there-a-point.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Ftradeblogs%2Fthe_slope_of_hope_with_ti+%28Slope+of+Hope+with+Tim+Knight%29