Ibexx,
RE: Ralph Acampora
Ralph was on the Ruckeiser show this past Friday and was chastised for being all over the place on his predictions. Apparently, a lot of viewers wanted to know where he stood.
Anyway, he was reticent to talk about it, and seemed a little embarrassed. Then he made this remarkable statement: "Lou, I'm just a trend follower..."
Wow! I nearly fell off my chair. I mean, here is the most respected technical analyst on Wall street saying he just tells us what we can find out by sticking our finger up in the air. In other words, if the market is going up, he is bullish. If it's going down, he is bearish. Incredible.
BTW, he said he is currently bullish. Thank you MR. A., but I don't need no analyst to tell me which way the market is going, to paraphrase Bob Dylan.
len |
