Just hoping if someone could kindly fill me in on what good ol' Arch said during his CNBC appearance on Thursday (6/19)... I forgot to watch
no but I know what he would say, two words july top http://elitetrader.com/vb/showthread.php?s=&postid=268051&highlight=nkhoi+bradley#post268051
From my fuzzy recollection it went something like this: The beginning of the decline in the real estate market was earlier this month. It will be most noticeable near its completion in two years. Heâs reducing his 200% (margin) long position to 100% long and will go to cash July 7, 2003. Apparently he wants to capture the end / beginning month fund buying as well as the holiday buying. July 7th will mark the top of a large wave B and the large wave C will result in a devastating crash (into 2006-2007 ?). He recommends selling gold. Itâs all in the stars. Weâve all been looking at the wrong charts.:eek: