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Bitcoin, Bart Simpson, beards, whales and the vomiting camel

The pattern is unmistakeable.

A graph shows a financial trend-line (the price of gold) going up and down a couple of times, then declining more steeply.

Around the trend-line, someone has sketched a crude profile of a camel, its head lowered as if to vomit.

Welcome to the wonderful world of the Vomiting Camel, a spoof species of technical analysis created by FT writer @katie_martin_fx to poke fun at how so-called technical analysts attempt to predict future price movements of eg stocks or oil or gold by drawing lines on graphs to identify trends.

You can read her brilliant article (more…)

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