Richard Russell Flip Flops to Bearish

By on November 28, 2009

Within the past month, Richard Russell said he was bullish on the market. Something about primary and secondary trends. CXO Advisory now says Russell, in one of the quickest changes of opinion ever recorded, has turned negative on the market. Russell switched to bearish based on his “gut feeling.”

CXO also posted recently that Robert Prechter, another famous name from the past, recommends a 200% short position.

SMA Comment: I wonder if Dubai stirred something in Russell’s gut.

Source:

CXO Advisory
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