7 Most Dramatic Market Charts of 2011

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7 Most Dramatic Market Charts of 2011

High Fliers Flame Out Spectacularly

HighFlyerChart 7 Most Dramatic Market Charts of 2011

One of the most-respected chartists out there via his newsletter, The Steady Trader, InvestorPlace.com contributor Serge Berger couldn’t help but point out the painful memories of momentum stock investors in 2011 — and what it means for the new year.

“High-flier or beta-chaser stocks like Netflix (NASDAQ:NFLX), First Solar (NASDAQ:FSLR) and Sina.com (NASDAQ:SINA) came to a hard landing as global economic slowdown and Europe debt crisis fears became front-page news,” Serge writes. “As a result, many trend-follower funds had a very difficult year. At the peak this year, all of these stocks gave off a strong odor of ‘bubble.’”


Article printed from InvestorPlace Media, http://investorplace.com/2011/12/most-dramatic-stock-charts-2011-technical-analysis/.

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