Sunday, August 30, 2009

Scarier and scarier...

Art Cashin of CNBC was quoted on its website:

(...But now Cashin sees a different market direction.) "I'm taking a little risk off of the table. I sold some stock yesterday," he declared. As a sign of investor anxiety, he noted that "a lot of Elliot Wave followers are worried about finishing this leg" of the rally.

Now, I wrote this post at the beginning of August. In it, there is a link to Jamie Saettele's eerie article that he wrote on Elliot Waves...the very subject that Art Cashin just mentioned for selling stock above!

So far Saettele has pegged it perfectly (he wrote it on Apr 30,) like he has a crystal ball...

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