I've listened to that radio show for years and I pay attention
to what Larry says for sure. He is slanted very bearish, but
his track record for the huge moves is pretty good. Yes, he
has issued some false warnings -- during the bull rally of the last
14 months. To his credit, he was short during Oct 08 (and
stayed short), and went VERY long the market near the bottom
(actually called the bottom within two days, with conviction, so
certainly not a perma-bear). He uses astro-harmonics (not
sure how much Matt and Steve use this). I tried a trial of
his newsletter -- pretty awful (makes you appreciate how much
effort Matt and Steve put into BPT), he knows his stuff, but his
charts are unreadable and he assumes you know all of his patterns
(Gartleys etc.). Larry's prediction fits in very nicely
with Steve's 5 day retrace pattern followed by a violent 3 of
3.
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Title: Yep, Pesavento is legit I've
Any opinions on this guy...
Posted by kalinm on 27th of May 2010 at 10:25 pm
I've listened to that radio show for years and I pay attention to what Larry says for sure. He is slanted very bearish, but his track record for the huge moves is pretty good. Yes, he has issued some false warnings -- during the bull rally of the last 14 months. To his credit, he was short during Oct 08 (and stayed short), and went VERY long the market near the bottom (actually called the bottom within two days, with conviction, so certainly not a perma-bear). He uses astro-harmonics (not sure how much Matt and Steve use this). I tried a trial of his newsletter -- pretty awful (makes you appreciate how much effort Matt and Steve put into BPT), he knows his stuff, but his charts are unreadable and he assumes you know all of his patterns (Gartleys etc.). Larry's prediction fits in very nicely with Steve's 5 day retrace pattern followed by a violent 3 of 3.