Updated August 25
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Sox stakeholders may have been looking at a Bump and Run Formation [A], or BARF, occurring just after the All-Star break. This is an indicator of excessive speculation in which a chart rises too far too fast. The chart pulled out of the bottom only to reverse and then reverse again. The market climbs a wall of worry, and the white line is starting to look like a classic Head and Shoulders Top Reversal Pattern [B], which is a powerful negative indicator, especially if a prior uptrend has been established. And it has.
The White Line: Like beatniks of old, the White Sox can’t win for losing “On the Road.” At Comiskular, however, the Sox made the same Anaheim team that whupped them last week look like Desolation Angels. Nostalgic for Radinsky and Ruffcorn, the Sox acquired Scott Schoeneweis from the Angels and Scott Sullivan from the Reds, all part of GM Ken Williams’s plan to fashion an all-Scott bullpen. Interestingly, the Reds’ relief corps is now Scott-free.
