IT CAN’T HAPPEN AGAIN, OR CAN IT?
By Guest Author - February 23rd, 2011, 7:00AM
Richard W. Arms, Jr., is one of the world’s most respected Stock Market personalities. His technical work is used worldwide and he has been a guest speaker on four continents. His books have been translated into a number of other languages, and his methodology is familiar to most Stock Market traders and professionals in every financial center. He makes frequent appearances on financial television, nationally and internationally. He is one of only ten living recipients of the highest recognition in the technical analysis field – The annual Market Technicians’ Award. In 2008 he received the Traders Library Halll of Fame award.
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February 23rd, 2011 at 8:10 am
Many thanks Barry….. I’m somewhat familiar with his work and I’ve bookmarked this page to read this later….
Best regards,
Econolicious
February 23rd, 2011 at 10:53 pm
I am surprised that none of the multitude of nervous nellies, and “I told you so”-ers at every 10pt drop in the S & P aren’t blowing up the post board here with this tidbit of clairvoyance…
the market has doubled in 2 years, I believe the fastest double ever, and has oversold indicators, so everyone including Dick wants to come out of the woodwork so when the market finally falls, be it today or in 5 years, they can say ‘I called the top”
come on guys, what are we doing here???
February 23rd, 2011 at 11:33 pm
What we are doing here is being warned.
Although the article is dated 2/22, it probably was written before yesterday’s sharp decline on big volume.
I take his technical warning seriously. There is plenty of bad news to confirm it – Wisconsin, Indiana, Libya, March 4 deadline etc.
February 24th, 2011 at 8:44 pm
jaysan don’t forget Jennifer Lopez crying on TV, that’s a warning sign also…until the S & P closes under the 50 day on a weekly basis, don’t worry so much…