The Markets Turned Down Right On Cue; Now Larry Reflects
Posted by commoditywatch on April 27th, 2010
After calling for a major turn in the markets this weekend, the SP500 is suddenly down 3% today. Larry relects on that call and suggests where we are headed from here. View Larry's Charts.
A former member of the Chicago Mercantile Exchange, Larry has been a trader for over 45 years. His unique methods which involve chart pattern recognition and planetary cycles have enabled him to make some amazing market calls over the past 18 months. He is the author of ten books on trading, the most recent of which, is called Trade What You See How To Profit From Pattern Recognition and is published by Wiley Trading.
Larry’s Website: Trading Tutor
Larry’s Book, Trade What You See, is available at Amazon - also at Play
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April 28th, 2010 at 10:16 am
Home run Dominic!
April 30th, 2010 at 4:27 am
Great one day profit, Dominic! I’d rather be lucky than right every time.
It’s Friday before the open and the market is just about at the same level it was when the week started and futures are up! One day does not make a trend. Maybe just a lucky hit after eight straight weeks of upside. Looks more like a fluke than anything, but we shall see… May is just one trading day away.
May 2nd, 2010 at 2:48 pm
I stand corrected and the futures deceived me! Friday tanked and formed a O’Neil breakout on most of the inverse leveraged ETFs. My TZA position is just exploding! Thanks, Larry! I appreciate your interview and your brilliant call! Plus gold is now at $1178 so it’s broken out too and probably headed for new highs. All systems go for takeoff.
May 10th, 2010 at 4:45 am
Excellent Larry! Thank you Dominic. Would be great to hear Larry again especially given what happened last week and ongoing.