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Re: Montanore post# 1868

Friday, 06/18/2010 1:52:10 AM

Friday, June 18, 2010 1:52:10 AM

Post# of 17231
I know it's dangerous to place too much power in any one guru. I've had my share of disappointments after putting people in pedastals. And I admit I've only been following Tom O'brien for about a month. He's actually been bearish on gold for probably several months. He's actually the opposite of Robert Precheter, in that he's a technician and has no ideology to push. He's the author of the best seller "Timing of the Trade". He uses volume to determine his bullishness or bearishness at any given time. Specifically here's why his bearishness made me nervous.

Tom O'brien was rated #1 market timer by a market timing publication:

http://eon.businesswire.com/portal/site/eon/permalink/?ndmViewId=news_view&newsId=20090504006077&newsLang=en

Tom O'brien called the bottom of the cyclical bear market in March 2009:

http://eon.businesswire.com/portal/site/eon/permalink/?

If you don't get his radio show during the day, you can listen to archives of his radio show on his TFNN web site.

http://marketclues.blogspot.com/2010/05/tom-obrien-calls-top-in-gold.html
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