"Tuesday was a substantial bearish blow. As we see it, the odds
are now quite high that major market averages, either have
completed, or are in the final stages of completing a secondary, or
failing top. The implications from this are a resumption of the
larger decline in the days just ahead, and a decline to new lows
for the entire move. Those who viewed the January set back as “just
a correction” that had “already ended” are very likely to find that
analysis missing wide of the mark in the days ahead. In our view,
the S&P is still very likely to move down in a powerful Elliott
third wave, that should ultimately record a medium term low in
March in the S&P range of 920 to 950."
Ballsy call, imo. Anyone know if this guy's track record is any
good?
Financialsense .com site is great for interviews with an endless
list of analysts etc....you'll find hour long interviews every
Saturday with Prechter,Faber,Schiff ,Mish etc etc and lots of
interesting analysis.also many great articles...zerohedge and
financialsense sites are two of my favorites for fundamental
analysis..even have technicians on it.
Posted by window72 on 25th of Feb 2010 at 06:05 am
He posts interesting stuff but he is a bit of a perma bear. He
kept calling the top through the autumn. The lesson is you just
have to set yourself trigger levels rather than sell without a
signal.
He has got a section on financialsense.com
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Tidbit from Frank Barbera
Posted by perthx on 24th of Feb 2010 at 08:28 pm
A friend sent me this quotation from Barbera:
"Tuesday was a substantial bearish blow. As we see it, the odds are now quite high that major market averages, either have completed, or are in the final stages of completing a secondary, or failing top. The implications from this are a resumption of the larger decline in the days just ahead, and a decline to new lows for the entire move. Those who viewed the January set back as “just a correction” that had “already ended” are very likely to find that analysis missing wide of the mark in the days ahead. In our view, the S&P is still very likely to move down in a powerful Elliott third wave, that should ultimately record a medium term low in March in the S&P range of 920 to 950."
Ballsy call, imo. Anyone know if this guy's track record is any good?
I learn something from him
Posted by junkie on 24th of Feb 2010 at 08:38 pm
I learn something from him each time. Check his postings on www.financialsense.com and see for yourself.
Title: Junkie mentions financialsense.com site
Posted by hurricanemalta on 25th of Feb 2010 at 07:11 am
Financialsense .com site is great for interviews with an endless list of analysts etc....you'll find hour long interviews every Saturday with Prechter,Faber,Schiff ,Mish etc etc and lots of interesting analysis.also many great articles...zerohedge and financialsense sites are two of my favorites for fundamental analysis..even have technicians on it.
He posts interesting stuff but
Posted by window72 on 25th of Feb 2010 at 06:05 am
He posts interesting stuff but he is a bit of a perma bear. He kept calling the top through the autumn. The lesson is you just have to set yourself trigger levels rather than sell without a signal.
He has got a section on financialsense.com