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Ralph’s Fearless Forecast
Posted By Barry Ritholtz On December 26, 2004 @ 9:11 am In Markets | Comments Disabled
Ralph Acampora  is the Chief Technical Strategist for Prudential Equity Group (part of Wachovia). Too many years ago, I took Ralph’s Advanced Technical Analysis class at the New York Institute of Finance . He’s a terrific guy, and I highly recommend his class.
Every year, Ralph puts out his “Fearless Forecast.” For 2005, Ralph is rather Bullish. He’s looking for a cyclical bull market with targets of:
All of Wall Street makes year out predictions (present company included), and by definition, they are problematic at best. What I found most impressive in Ralph’s Fearless Forecasts for 2005 was buried towards the end. It was his short list of “anticipatory technical indicators that materialize before the cyclical bull comes to an end.” These are Ralph’s signs that can warn you the end is nigh:
Good stuff. Ralph’s insights are always well worth noting.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2004/12/ralphs-fearless-forecast/
URLs in this post:
 Ralph Acampora: http://www.prudential.com/biography/0,1460,intPageID=2495&blnPrinterFriendly=0,00.html
 New York Institute of Finance: http://www.ftknowledge.com/index.html?no_keycode
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