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Royal Dutch Shell plc Message Board

  • spcrash spcrash Mar 27, 2013 3:23 PM Flag

    Oppenheimer Asset Management's chief market technician see 6-9% correction next: Shell=$60

     

    Technician Sends Warning for Stock Market Bulls


    Published: Monday, 25 Mar 2013 | 11:17 AM ET
    By: Josh Lipton
    Markets Reporter

    Trader on the floor of the NYSE
    As the S&P 500 flirts with its all-time highs, there is a great divide between technicians calling for a correction and bulls who think the rally has legs.

    In his research note Monday morning, Oppenheimer Asset Management's chief market technician Carter Worth argues that the market is ahead of itself and that investors are right to anticipate and position for a normal, garden-variety 6 to 9 percent correction.

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