Demark Indicators

I am not a technician but it might be important that Tom Demark, the famed technician, has turned bearish. From Bloomberg:
U.S. stocks are within a week of “a significant market top” that is likely to precede a drop of at least 11 percent in the Standard & Poor’s 500 Index, said Tom DeMark, creator of a set of market-timing indicators.
Tom Demark has a tremendous institutional following. According to Wikipedia:
Mr. DeMark is the president and founder of Market Studies LLC[5]. In 2008 Steve Cohen (SAC Capital) and John Burbank (Passport Capital) became partners in Market Studies Llc.
 With followers like Steve Cohen it is not difficult to see how his opinion might influence markets.

2 comments:

Anonymous said...

Short NAK @ 18.777

Ol DAWG

Anonymous said...

Alot of people think we are doomed, but there are still great ways to make money. Even while the economy is collapsing around us.

I subscribe to the guy from australia and his FFT economic newsletter at http://www.forecastfortomorrow.com that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.

His oil calls are insane, and I have been making good money with them. He is well worth a look, if you want to keep two steps ahead of the sheeple out there.

I am worried about my financial future. Is anyone else nervous out there?