Earlier i posted a Long-term Hang Seng Index chart, that actually predicted the Asian rally. But, it was not the only one!
Let's give credit, where it is due. I distinctly remember in Mar 2009, 99% of mainstream analysts and media were crying bear, and projecting absymal depths. Folks at Elliott Wave International were some of very very few, who boldly called for a "sharp & scary" rally. It always looks easy in hindsight, but it never is!
This article below reproduces some of that atmosphere:
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The Asian Rally: Who Saw It Coming?
3/18/2010
Bloomberg TV's Bernard Lo recently interviewed Mark Galasiewski, Elliott Wave International's Asian-Pacific Financial Forecast editor, about his outlook for Asian stocks. Lo pointed out that Galasiewski had accurately predicted the recent Asian rally. "If you listened," Lo said, "you made money." See how neatly Galasiewski's prediction unfolded... Read More
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Well done, Mark!
Thursday, March 18, 2010
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