tag:blogger.com,1999:blog-12333088.post7244586226929711019..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on January 26, 2010Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12333088.post-71763636006497455582010-01-26T12:50:17.716-05:002010-01-26T12:50:17.716-05:00I think the correction is over and we'll move ...I think the correction is over and we'll move up to 1130.Urban Carmelhttps://www.blogger.com/profile/11008222748707680522noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-22074092374123875742010-01-26T11:59:52.887-05:002010-01-26T11:59:52.887-05:00Hi Carl,
I am in the process of reading your book ...Hi Carl,<br />I am in the process of reading your book again....and over again. Sorry I did not get into Yale....not even close...lol.<br />Thanks for helping us all out.<br />KDAll good..all goodhttps://www.blogger.com/profile/18243744496593805308noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-53432594812135316512010-01-26T11:10:08.505-05:002010-01-26T11:10:08.505-05:00Hi Carl - Love your blog and the RSS feeds. In th...Hi Carl - Love your blog and the RSS feeds. In the process of reading your book and I must say it is a refreshing read. Nicely done with the oil call just as it was making a top.<br /><br />Regarding your target low between 1075 and 1058 on the ES, how are you coming up with this target?<br /><br />Also, I am curious as to your thoughts on the Elliott Wave Theory. The most renowed EWT follower, Bob Prechter, is pounding the table to go extremely short now and that the market is starting a MAJOR down leg (wave 3). No doubt that fear sells these days, but in your career how have you seen the EWT used as an indicitave tool?<br /><br />Thanks for your thoughts and your time. Good luck trading!<br /><br />Best regards,<br />Jeff from ChicagoPortlockTraderhttps://www.blogger.com/profile/05346895053212741373noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-72320527128054955652010-01-26T10:55:15.821-05:002010-01-26T10:55:15.821-05:00Carl-
I was wondering if you could comment about ...Carl-<br /><br />I was wondering if you could comment about how the current position of the S&P fits into the guidelines for the Aggressive Contrarian as outlined by your book. I believe you suggested a move from "normal" to "above normal" allocation when (a) the S&P closes below its 50 day MA which it has and (b) when it is within 1% of the 200 MA. This would currently have the S&P going to ~1010. Perhaps you could clarify this point a bit more as it appears you are suggesting an above-normal allocation well in advance of such a move. thanksUnknownhttps://www.blogger.com/profile/10475202366300320341noreply@blogger.com