Grand_Super_Cycle's blog entry from mid-August 2010 follows.
This is a direct quote. When I posted this before, he refused to acknowledge it.
" DOW and SP500 weekly charts Fri Aug 13 inclusive.
The indexes continue to be pulled in opposing directions by the
buyers and sellers â as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.
As mentioned earlier, weekly and monthly charts have been topping and basically going sideways since early May 2010. This topping process will cease and increased selling pressure and more bearish consensus should result in a more pronounced downtrend developing.
EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.
CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.
COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time â warning whatâs ahead for the global
economy.
Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "
If this all sounds familiar its because he's been trotting out the exact same calls and advice over and over again now. What is important to note is immediately after his call, several of the items he was bearish on went on a huge bull run which would have wiped out any aggressive short trades.
I'm only posting this again because he repeatably refuses to hold any accountability for his calls. And he repeats almost the same trade calls in almost every market condition. If anyone has the energy, try listing the value of all these various markets and commodities as of August 13th, 2010. Now see what they are valued at today. Note that he says that equity markets are topping, and that March 2009 lows will be breached. Sound familiar ?
This is a direct quote. When I posted this before, he refused to acknowledge it.
" DOW and SP500 weekly charts Fri Aug 13 inclusive.
The indexes continue to be pulled in opposing directions by the
buyers and sellers â as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.
As mentioned earlier, weekly and monthly charts have been topping and basically going sideways since early May 2010. This topping process will cease and increased selling pressure and more bearish consensus should result in a more pronounced downtrend developing.
EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.
CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.
COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time â warning whatâs ahead for the global
economy.
Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "
If this all sounds familiar its because he's been trotting out the exact same calls and advice over and over again now. What is important to note is immediately after his call, several of the items he was bearish on went on a huge bull run which would have wiped out any aggressive short trades.
I'm only posting this again because he repeatably refuses to hold any accountability for his calls. And he repeats almost the same trade calls in almost every market condition. If anyone has the energy, try listing the value of all these various markets and commodities as of August 13th, 2010. Now see what they are valued at today. Note that he says that equity markets are topping, and that March 2009 lows will be breached. Sound familiar ?
