The only closed minded one is the one who lets charts tell him the market direction without reguard to the most important triggers to market moves.Fundamentals! You sound like one who has drank the koolaid and will pay the price like all the others that follow that route.
Market turn yesterday was in fact a direct response to the proposed bailout of MBIA and Ambac nothing to do with your "generals".Just because you did not know the news till after the market closed does not mean those that make their living in this marker did not.
"The markets staged an impressive rally on news that the New York regulators and banks met to discuss plans for raising new capital for the bond insurers. The news catapulted the markets upwards and sent bond insurers MBIA (MBIA) and Ambac (ABK) up 32.56% and 71.89% respectively"
http://www.financialsense.com/Market/wrapup.htm"
News of the meeting helped spur a rally in U.S. stocks, which slid Jan. 18 after Fitch lowered the rating of Ambac. The Standard & Poor's 500 Index halted a five-day slide, rising 2.1 percent to 1,338.60 after losing as much as 3 percent earlier." http://www.bloomberg.com/apps/news?pid=20601087&sid=aneyXTf8spRI&refer=homeand one more anyone foolish enough to throw real money into a bear market rally.
http://www.seekingalpha.com/article/61441-jeremy-grantham-credit-crisis-will-last-until-2010sell into any rally as the volume drops,buy gold and preserve capitol untill better buying opps come along.
good luck with the charts ,blinders and ear plugs but you better have something to fall back on when your technical tools fail as they ALWAYS do.
"Many believe too strongly in the infallibility of their tools or systems. There is no tool or system that can accurately forecast every market top or bottom and there never has been"http://www.marketowl.com/2007/06/14/technical-analysis-is-useful-but-it-also-has-many-flaws/
