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SPDR S&P 500 ETF Message Board

  • tracktrend921 tracktrend921 May 1, 2013 11:04 PM Flag

    Carter worth says longs back your bags you are going for a long trip south, he warns of bigger May sell off then ever before

    Watch: Analyst Sees Drop Worse Than 'Normal'
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    Sentiment: Strong Sell

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    • Carter Worth has been fairly good at calling the market in recent years. He's basing his call on Bifurcation, but his long/short play SWK/PETM was flat for today.....his analysis of the market as it compared to these two stocks doesn't make sense. He said the market and PETM are in similar patterns, I don't know what he means by "The Market" but certainly the S&P 500 chart does not resemble PETM, neither do all the other indices, they're are simply backing and filling to higher levels. After a move like this, you need to see a huge exhaustion gap up or stalling for a couple of weeks, in order to call a correction......Who knows what he's talking about ?????

 
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