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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST
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To: pater tenebrarum who wrote (35247)12/15/1999 8:23:00 PM
From: KeepItSimple  Read Replies (3) of 99985
 
Favors is a worthless prognositicator. His technical analysis was completely and utterly wrong, day after day, while he was still a bear.

With his paying subscriber base collapsing, he joined the church of joey "stocks never go down" battapaglia and started twisting his analysis to always point straight up. He throws in a lot of "if intra day dow xxxxx is breached before day +3/-1, then a short dip to be followed by STRAIGHT UP, if no dow xxxxx then just STRAIGHT UP" to make it look like he's actually working for a living. But in the end, every single report this guy has issued in recent memory has signed off with STRAIGHT UP.

Just like abbey cohen, these guys aren't doing any analysis, they are simply saying "TO THE MOON, ALICE!" and never wavering from their view. They won't waver even when the market finally collapses.

Every brokerage worth their salt has one analyst who is always calling for STRAIGHT UP, and at least one analyst who is always calling for CRASH. That way, they always have _someone_ who works for the firm who is "right" and can appear on CNBC to pimp for whatever stock they happen to have inventory of to sell.

Oops, did I just say that? ;)
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