Wednesday, September 9, 2009

A wedge to be proud of.

4 comments:

waldo said...

Mark, what is your take of all the fed manipulating going on. The market wants to correct but they won't let it. I think they are holding it up until the economy starts to recover, that seems strange but that's what it looks like to me. Tony Caldaro is still saying we have a primary wave c to go on the down side that will take the spx to 400 and Bob Prechter called to his subscribers to go 100% short at the 1039 top last friday. Does these bearish wedges ever break out to the upside? Thanks, waldo.

Hopper said...

Hi Waldo & Mark,

"Robert Kiyosaki suggests that you prepare for the worst in stock market and economic performance."

mlytle said...

Hi guys,
I think the Fed does manipulate, but I think the market is becoming a beast out of their control...Timing is hard, I thought maybe we were coming down at the end of August, and I still think it's not too far away, we just have to sit tight...

and yes I think this Robert Kiyosaki is correct, although I'm not familiar with him..

D said...

I have spoken with him in depth personally, he knows nothing about financial markets. He earns royalties and piles them into real estate. It's a formula that works for him.