Prudential shutters TA dept and......

on 12/6/2004 (Dec 2004) Ralph Acampora on CNBC mentioned that Dow is going to 13000, Nasdaq to 2800...
and his S&P prediction was 1476:-)))
I guess that explains what a great contrarian indicator he was..
Dead wrong in the last 5 years almost all times...
 
Quote from marketsurfer:

when tested TA does not work--pure and simple--
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What Thunderdog said. :D

P.S. Don't ask what the right TA is. Those who know, don't say. OK, sometimes they say ... fortunately most traders ignore them anyway. :D :D
 
Quote from jem:

I will give you the very best technical indicator I have ever seen. When marketsurfer posts here I know we are in a trendless stock market. And as the volume of his posts go up. I get ready for a trend. I suspect since we just saw one. He is probably doing well and about to suffer a set back.
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interesting theory, jem.

:D
 
Quote from EPrado:

Battipaglia is an embarassment to the financial world. When he appears on CNBC, they should dress him in a red nose and clown shoes. Funny how he disappeared when the market got roasted yrs ago.....
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Cramer could borrow Joe Bat's clown suit.

Especially when he's screaming and sputtering about his great "Cramer Tech Rally"! :p
 
Quote from Choad:

Cramer could borrow Joe Bat's clown suit.

Especially when he's screaming and sputtering about his great "Cramer Tech Rally"! :p
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For some reason I get a warm feeling inside when I see Battipaglia on CNBC and at the same time the Dow is down 100 points.....
 
Joe Battipaglia should see about trying for the Sec of Treasaury job. His track record confirms him as a "STAY ON MESSAGE" guy...:D
 
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