Carl Futia
#1
Posted 06 August 2007 - 10:38 AM
"I think we will close up on the day today and that the market will begin to rally in ernest tomorrow. The rally from current levels should carry the averages to new bull market highs later this year."
#2
Posted 06 August 2007 - 10:41 AM
#3
Posted 06 August 2007 - 10:44 AM
Carl Futia says the 2007 low is in today. Now that's what I call a call.
"I think we will close up on the day today and that the market will begin to rally in ernest tomorrow. The rally from current levels should carry the averages to new bull market highs later this year."
Don't know Carl, but would have been more dramatic if that statement was made in March. Just my 2 cents.
#4
Posted 06 August 2007 - 10:49 AM
#5
Posted 06 August 2007 - 11:36 AM
stated that on this board too ..... who's Carl ??
Carl Futia says the 2007 low is in today. Now that's what I call a call.
"I think we will close up on the day today and that the market will begin to rally in ernest tomorrow. The rally from current levels should carry the averages to new bull market highs later this year."
#6
Posted 06 August 2007 - 11:38 AM
#7
Posted 06 August 2007 - 01:01 PM
The rally from current levels should carry the averages to new bull market highs later this year."[/i]
I agree and disagree. We are nowhere close to a bottom, that won't come till at least 2362. From there we could possibly see new highs by the end of the year (Nasdaq 3k?). Today was not THE bottom. This is a countertrend rally in an IT Bear Trend. At best we hit 2575 (+/-25) then down to new lows. Enjoy the rally while it lasts!
#8
Posted 06 August 2007 - 01:17 PM
#10
Posted 06 August 2007 - 04:39 PM