07/13/12 – Blastoff Plus Jeff Saut © ™


CHART LINK – at StockCharts.



MY TWEETS – If you aren’t following my tweets, you are missing current updates.  It’s easy to become a tweet follower, just click the link for MY TWEETS and register in the upper left.  My Twitter name is BobsWaveCounts



Buy – June 28, 2012, bought again after yesterday’s blog update (7-12-12)

Sold – (holding long)


LONG TERM – Up in black 3, chart #10.8

INTERMEDIATE TERM –  Up in blue 3, chart #10.6




We had a nice rally today (SPX up 1.65%) indicating that yesterday’s wave count was correct.  The question is, “was that THE bottom or A bottom”?  It’s definitely the end of the step down that began on July 5th.  Whether we are still in the decline that began last April or May will be determined by the current rally.

The large caps are a bit ahead of small caps as the large caps closed near the day’s high and the small caps didn’t.  The close seems to account for the overall difference between large and small caps for the day.  I like to see the NASDAQ showing superior strength on a breakout and today it lagged the big caps by a small amount.  That’s not bad, it’s just not preferred.  We’ll see how this goes.

The SOX had a very tepid advance today and that’s not encouraging.  Sometimes the SOX gets on board during the second day of the rally.  Whatever the case, this is something that needs watching.  I look to the SOX for verification and didn’t get it today.

As you can see in the first chart below, the SPX has entered an overhead resistance zone.  We’ll watch this carefully.  The last breakout above this area died quickly.

And now we watch our profits carefully.


07-13-12 15 MINUTE BARS SM CAP



Jeff did this update today before the market opened on Friday.  He was very cautious about the market and its need to rally soon.  Today we had the rally he wanted but we need to sustain it.

The beginning of this audio update has two good but dark stock broker jokes.  A good laugh.

07-13-12 Jeff Saut Audio Update


Jeffrey Saut of Raymond James is a very savvy guy and one of the few people that I follow.   I found Jeff among the talking heads on CNBC, which is normally filled with worthless bobble-headed people. When I saw Jeff the first time, he was  telling the audience different ideas than what everyone else was regurgitating.  Immediately this catches my attention because I’m ALWAYS interested in anyone that has a mind apart from Wall Street.  After listening to him over time, I realized this guy is smart, insightful and normally right on the mark.  I find people like this very infrequently.

He reminds me of Robert Farrell of Merrill Lynch (70s and 80s), who achieved a large following by being frequently on target.  Jeff Saut is an acknowledged student of Bob Farrell.

Website for Raymond James Investment Planning





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4 Comments on “07/13/12 – Blastoff Plus Jeff Saut © ™”

  1. Bob Says:

    NO, not yet.

    My wife had instruction to place more money with Terry if anything happened to me. Terry was my wife’s fallback guy. I’m 2 years younger than Terry and you never know when the reaper will be coming to your door. That’s why I need a replacement for Terry.

    But I will be looking again because I need someone to take his place. Perhaps Parker will fit the bill and I’ll be watching him carefully. I’ve always been a firm believer in the saying, “Don’t confuse genius for a bull market”. It’s easy to make money in a bull market but the rest of the time it’s very difficult. Parker is young and untested and there is nothing like a whipsaw, bear market to test you. The bear is coming and Terry saw it in the future just as I do. But first we have to finish this bull market.



  2. focus12345 Says:

    Hi Bob- do you know of anyone else that you would trust your money with, in these turbulent times?



  3. Bob Says:

    Unbelievable and an incredible surprise. I was dumb struck when I read Paula’s message. I still find it hard to believe as it was too sudden without warning.

    I’ve been a follower of Terry since the 1970s and he’ll be greatly missed by me and everyone on the forum.

    Terry had remarked (last year??) that he was in great health and the future looked good. Life throws treacherous curves at us.

    I assume that Parker will try to carry on but I’ll take a wait and see attitude regarding Parker and putting some money back with ASIC. Parker is smart and very capable, but Terry was special. For me, it always how well you do during a bear market??? Terry never stayed on the wrong side for very long and that made him very, very good. Most money managers have portfolios that mimic the market direction with the hope that the long term will make everything OK. I’m not part of that persuasion.

    I’ll miss you Terry,


  4. focus12345 Says:

    Sad day for T- Theory- R. I. P. Terry.


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