Thank God The Masters starts Thursday.
Last week Noted technician Ralph Acaompora said the market is going much higher because the Dow Transports confirmed this. Here was his tweet just a little bit ago.
Further damage is being done as many support levels are being broken. Don’t be complacent – this market has much more downside.
— Ralph Acampora CMT (@Ralph_Acampora) April 7, 2014
Here’s another beauty from Mr. “when shit falls on his foot it hurts” Gartman
April 1: “Gartman explains why experience tells him to stay bullish on stocks.” April 7: “Gartman says reduce exposure to stocks”
— zerohedge (@zerohedge) April 7, 2014
CONFUSED YETTTTTTTTTTTTTTTTTTT!!!!!!!??????????
Good traders can change their mind and should, but these two guys have changed their mind on the market more than I change my socks lately, which for my money dilutes their street cred.
Now carry on and enjoy your crash.