Ominous ? After this huge advance you are using words like ominous? Come on Alan. I'm sorry, but your credibility as a market guru is gone. Please stick to stock picking and save your dedicated readers a lot of money in the process.
Hey, I call them the way I see them. Prices are hitting a trend line that has twice repelled prices hard down in the past two years. You want to bet that prices goes through this time? I'll take that bet in a heartbeat.
your sidebar, 'who knew' is rather dishonest at best. Hasn't Prechter been stating his EW indicates a huge crash since Aug 09? And now takes credit for a past statement contrary to his latest crash alert. Is this not so.
Prechter said to take profits now although 1100 would not surprise him. If you got in when he said (end Feb. 2009) you wouldn't care too much over squeezing another 5% as the risk reward was not worth it.
I don't argue with people about Prechter anymore, most will outright lie about his track record and then pound their chest about how wrong he was. How do you reason with this?
His accomplishments in market psychology will be looked at with awe by generations to come, while those who belittle him won't even rise to the level of a footnote in his body of work.
My most ominous chart
I lied, this is even more ominous
My most ominous chart
I lied, this is even more ominous
11 comments:
Ominous ? After this huge advance you are using words like ominous? Come on Alan. I'm sorry, but your credibility as a market guru is gone. Please stick to stock picking and save your dedicated readers a lot of money in the process.
Hey, I call them the way I see them. Prices are hitting a trend line that has twice repelled prices hard down in the past two years. You want to bet that prices goes through this time? I'll take that bet in a heartbeat.
Again Allan - I thank you for all you do brother.
Mike
keep up the good work A
The ATR trailing stop indicator you are using looks very good. Anyone knows how to set it up on tradestation?
Thanks
your sidebar, 'who knew' is rather dishonest at best. Hasn't Prechter been stating his EW indicates a huge crash since Aug 09? And now takes credit for a past statement contrary to his latest crash alert. Is this not so.
Well, what do you know, it's Dow 10,000!!!!!!!!!!!!!!!!
Crash alert, Crash alert ...
@anon 9:18
Prechter said to take profits now although 1100 would not surprise him. If you got in when he said (end Feb. 2009) you wouldn't care too much over squeezing another 5% as the risk reward was not worth it.
I don't argue with people about Prechter anymore, most will outright lie about his track record and then pound their chest about how wrong he was. How do you reason with this?
His accomplishments in market psychology will be looked at with awe by generations to come, while those who belittle him won't even rise to the level of a footnote in his body of work.
To ABOT...
Formulas and programs for Tradestation implementation of ATR trailing stop system can be found at:
http:///www.traders.com/documentation/Feedbk_docs/2009/06/tradersTips.html#tt12
Good Luck Dave
Post a Comment