Feb 24 2009
My Mentor is Going Long!
You may have heard that famous Elliot Wave guy Robert Prechter has taken off his short signal and advised folks to cover. If not, give this a read.
I found out today that my mentor – the guy I give a good deal of credit for my early market understanding development – told his readers that it’s time to buy. He’s basing that on “…key supports having been hit on long-term charts of the DJIA, S&P 500, QQQQ and the SOXX.”
He’s generally pretty good at picking the interesting points, so this will be worth watching.
More on this topic
(What's this?)
Dow Jones Industrial Average Index
(Wealth Daily, 2/26/09)
Bear Market Update
(Kirk's Market Thoughts, 2/27/09)
Jeremy Siegel: S&P’s Earnings Wrong
(Investment U, 2/26/09)
Here are some other posts which might interest you:
