"WHY DOESN'T HE COME OUT AND ISSUE A SELL ON GOLD..."
Because he is a schizo-TA/FA/global analysis, corruption analysis, election analysis, blah-blah-blah analysis -junkie.
Everyone has seen stocks driven up with no cause, driven down with no cause, run out of business by naked shorting, pump and dump, dump and pump, endless analysts giving up/down grades at the exact opposite time of what you should do (you don't really believe that is just coincidence do you?), companies and/or countries trying to manipulate the market, insider illegal trading, governments bribed to pass laws to benefit one company or political party (and/or to destroy another company/party)....etc/etc/etc...and I think his TA base is just overwhelmed by all the other things in the financial world.
You mentioned in another post:
"Goldman was setting up Natural Gas and then Crude Oil for a massive short"
...and...
"Are we seeing a well orchestrated, planned global commodity smackdown?"
I agree if he sells himself as pure TA, then he should behave that way, ...but given "setting up" and "well orchestrated" realities, I think he was just venting his normal human frustration at how BS the market is.
Chan on the other hand is sometimes TA purist wacko.
"...but the "Katrina gap" is at $430 and remains unfilled."
??????????
EXCUSE ME? Who gives a damn? There are LOTS of up/down gaps all over the chart since August 2005, so why does he pick that one? Doesn't matter though, 'cause he'll change his mind in a day/week or two.
As for his buy/sell postings (or lack of), I'm guessing he does the same trading vs core shares thing as another poster mentioned about Sinclair...but I've never really understood that approach anyhow.
If it's good, I say stay...if it's bad, I say "run away, run away" ...which seems more logical to me.
But then ...one man's "logic" is another man's "insanity".
CNBC Cramer has at least one thing right....the market is "of the corporation, by the corporation, for the corporation"...NOT for the people.
Regards,
CB. |
