V.5:2 (62-63): Generalship for consistent profits by Vincent Cosentino

V.5:2 (62-63): Generalship for consistent profits by Vincent Cosentino
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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."

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