Now as bearish as I might be I dont think the Dow is going to drop 4000 points in 2012, if it did I am sure it would rally back to 12,000+ before the end of 2012, he has his reasoning why its going to drop 4000 points in the video below.
The guy interviewing him says its the most bearish comment he has heard in the past 6 months which tells you that bloomberg only interviews bulls.......
Timer digest rated him # 1 market timer in 2011....
As I have been saying for quite sometime, Volume, Volume, Volume....Volume isnt there, volume continues to drop as this market trades higher and he explains it 3:10 into the video....anyone who says volume doesnt matter think again, volume is significant when it comes to these markets.
DJIA to Fall 4,000 Points in 2012, Granville Says
Jan. 23 (Bloomberg) -- Joseph Granville, a technical analyst who has been publishing the Granville Market Letter from Kansas City, Missouri, for more than 40 years, talks about the outlook for the U.S. stock market. He speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
http://bloom.bg/wwk1XE#ooid=pmcXdjMzohe5-X5HaXT_alH5XOepNPDs
The guy interviewing him says its the most bearish comment he has heard in the past 6 months which tells you that bloomberg only interviews bulls.......
Timer digest rated him # 1 market timer in 2011....
As I have been saying for quite sometime, Volume, Volume, Volume....Volume isnt there, volume continues to drop as this market trades higher and he explains it 3:10 into the video....anyone who says volume doesnt matter think again, volume is significant when it comes to these markets.
DJIA to Fall 4,000 Points in 2012, Granville Says
Jan. 23 (Bloomberg) -- Joseph Granville, a technical analyst who has been publishing the Granville Market Letter from Kansas City, Missouri, for more than 40 years, talks about the outlook for the U.S. stock market. He speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
http://bloom.bg/wwk1XE#ooid=pmcXdjMzohe5-X5HaXT_alH5XOepNPDs
