Although I have tremendous respect for Mr. Barbera, I feel he's been fairly innacurate lately. His timing has been off. Last week he suggested buying gold the day before it started declining. In the summer he made a major miscall.

Hey, his job, predicting the future is nearly impossible. I don't see one person who has gotten more than a few calls right in the last 5 or 6 months. That nut Cramer has probably been the most accurate though people give him little respect.

I wonder if ETF's haven't changed the game significantly enough that it's changing how TA works? Gold doesn't play the way it used to. No longer is it a safe haven. Now it's a stock that you can flip as easily as anything else.

ETF's have made the once stable DOW and S*P highly volatile. It doesn't matter what your fundementals are; if you're included in an ETF you're going to be bought and sold with it. You happen to make widgets and happen to be making a billion bucks a year selling them but if you're in the ULTRA Short Wiget ETF and the market it going down then you're getting the big SELL SELL SELL.

I'd like to see Frank shorten his weekly newsletter for now. Do away with the big long explaination and switch to daily updates. This market is too volatile to make long term predictions and by long term, I mean longer than 12 hours.