tag:blogger.com,1999:blog-12333088.post7554186669777837797..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on August 29, 2011Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12333088.post-39949843892627932572011-08-29T14:47:01.722-04:002011-08-29T14:47:01.722-04:00Great call on the Market CarlGreat call on the Market Carlpbhttps://www.blogger.com/profile/13391731397067676439noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-14379280206613062372011-08-29T13:59:14.192-04:002011-08-29T13:59:14.192-04:00Jesse Livermore discovered a speculative cycle ver...Jesse Livermore discovered a speculative cycle very similar to 3 peaks and a dome.<br /><br />chart here:<br />http://4.bp.blogspot.com/-x6B4ExXqSsk/Tlu2YWzZR9I/AAAAAAAAAhk/LL7TLMevpYY/s1600/0KMRb.png<br /><br />According to this Livermore cycle I bet we are now heading up to complete the 3rd peak point #6 before the HUGE speculative dome that is due 2013-2014 as the 4 and 6 year cycles top out.<br /><br />chart 2<br />http://1.bp.blogspot.com/-DHjqZcPLXgI/Tlu1yL1LSFI/AAAAAAAAAhc/UQcZ8Vmp-js/s1600/livermore.pngchartbloghttps://www.blogger.com/profile/11082012490977242976noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-8042248864854865202011-08-29T13:25:07.571-04:002011-08-29T13:25:07.571-04:00I think it's a toss up. The market will proba...I think it's a toss up. The market will probably go up and then correct at the 1240 level. But saying that it'll be a bear market is a risky bet. It may just correct 50 points and then resume its march up. If the bull market that started in March 2009 is intact, then the most likely scenario is that the lows for 2011 are in. Doug Kass who called both the March 2009 low and the July 2010 low thinks that the lows for 2011 have already been made and I second his view.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-62019195921734579742011-08-29T10:35:37.706-04:002011-08-29T10:35:37.706-04:00Carl,
Do you have a price target for this BEAR mar...Carl,<br />Do you have a price target for this BEAR market and when do you see it making a bottom?extraderhttps://www.blogger.com/profile/03032122744040672879noreply@blogger.com