Comments on: Bob Prechter – “Step aside” from long positions http://www.investmentpostcards.com/2009/08/12/bob-prechter-%e2%80%93-step-aside-from-long-positions/ Prieur du Plessis’s international investment blog Sun, 29 Jan 2012 22:06:48 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: Sergiohttp://www.investmentpostcards.com/2009/08/12/bob-prechter-%e2%80%93-step-aside-from-long-positions/comment-page-1/#comment-15172 Sergio Wed, 12 Aug 2009 18:18:32 +0000 http://www.investmentpostcards.com/?p=9928#comment-15172 Robert can be right but can also be wrong. His main reason is that the market had a big rally, it’s not a bad reason but the previous fall was much bigger, so this movement is into margin. Seems that most analysts are looking for a correction, I guess that it will come when they give up. The fact that he saw this rally coming doesn’t meant he will see the next movement; I guess he fail many times but was not interview. I would like to remind every body that if analyst were infallible they wouldn’t be analyst anymore they would be millionaires. I also would like to point that the NASDAQ made a clear double bottom that for me is the signal of a new bull market (I did no hear too much about it). For me a correction is very likely, but a correction. Sergio can be right but can also be wrong. Cheers! Sergio Robert can be right but can also be wrong. His main reason is that the market had a big rally, it’s not a bad reason but the previous fall was much bigger, so this movement is into margin. Seems that most analysts are looking for a correction, I guess that it will come when they give up.
The fact that he saw this rally coming doesn’t meant he will see the next movement; I guess he fail many times but was not interview. I would like to remind every body that if analyst were infallible they wouldn’t be analyst anymore they would be millionaires.
I also would like to point that the NASDAQ made a clear double bottom that for me is the signal of a new bull market (I did no hear too much about it).
For me a correction is very likely, but a correction.
Sergio can be right but can also be wrong.
Cheers!
Sergio

]]>