Generalship for consistent profits by Vincent Cosentino.
Rodney Dangerfield would have loved it. After the July 7, 1986 record drop of 61.87 points in the
Dow Jones Industrial Average, articles appeared crediting technicians with everything from making the
right call to causing the slide. Headlines bellowed, "Market gurus jolt the Dow," and "Stock market's
technical analysts get new respect after price drop. "Hey Rodney! Respect!
Of course, not all observers were complimentary. One fundamentalist skeptic flung his gauntlet to the
marble with, "I defy you to show me one technician who has made money consistently."