In Q1 2007, the so-called “godfather” of technical analysis Ralph Acampora told a ‘Goldilocks’-prone Larry Kudlow on CNBC that “I’m bullish, but I don’t think I am bullish enough…there’s new leadership.” That call turned out to be very close to top-ticking the market before it’s collapse. Fast-forward nine years and Ralph is back, proclaiming that Yellen has “lit a fire under the stock market… and the correction is over.”
“Bear market” confirmed on the day of the lows… then 14.5% later “the correction is over” and “The trend is up.”
h/t @NorthmanTrader
Two words – “nailed it!”
Of course, Mr. Acampora is not alone. Jim Cramer recently “nailed it” too…
Trade accordingly…
Запись “Godfather” Of Technical Analysis ‘Nails’ The Correction впервые появилась crude-oil.top.