I don’t typically make this is the bottom or this is the top calls, because as a younger trader whenever I did, I would be humbled. But below is David Ryan. He is no dodo. He was William O’Neill’s protégé and portfolio manager. If you don’t know who William O’Neil is, well you probably shouldn’t be speculating in stocks. I will include links below.
I digress. Back to David, he was right in July when he called for massive blow-off top rally in META and NVDA. He is now calling a top for the year in tech, and to raise cash and get defensive. Only a handful of people I would take a call like this seriously. He is one.
Below are links to William O’Neil’s wiki and bio on IBD, as well as all his books which I have read a few multiple times starting at NYU Stern in the 90s. He passed away this year.
- https://en.m.wikipedia.org/wiki/William_O%27Neil
- https://www.investors.com/news/william-oneil-legendary-investor-ibd-founder-canslim-creator/
- https://www.amazon.com/William-ONeil-Books/s?k=William+O%27Neil&rh=n%3A283155
- Direct link to his posts: https://twitter.com/dryan310
