Perfect Stock Alert dot com "WARNING!"
The owner of the site http://www.perfectstockalert.com/ - Christian, claims to be a pro in stock market technical analasys. Guess what since 07/02/2010 till 08/09/2010 he was right only a few times. All the time though he was convincing everybody that the market would go down the next day, but the market kept going up and up. I am not saying it won't go down or won't crash, but being wrong for over a month is too long of time for any good stock market analyst. On top of that he keeps banning people who post the truth (negative posts) on his youtube website PSAadmin. I believe he wants people to sign up so he can make money from the advertising on his site or by signing for his training seminars.
The biggest mistakes he made were: We were heading to the earning season and he completely ignored them, well there were some real good rallies on the earning reports. Another Fundamental mistake he made was he Didn't know or tell his viewers that on low volume the market goes up, and boy you can check the volume starting from 07/02/2010..
Again, I agree with him that the economy is not good, and is not improving, and that the charts show the market is supposed to go down. But the charts showed also that just looking in the rear mirror is not really enough to be a successful investor. So,
How can I reffer somebody when he was wrong so many times? He missed the big rally from 07/02/2010 till 08/09/2010! That was more than 10%!!!