McHugh:
"Topping zone in the Industrials is 10,845 to 10,960 and in the
S&P 500 it is 1175 to 1187."
EW:
"
Another second wave rally is in
force. it should finish below the 11,258 high in the Dow
Industrials (1219.80 in the S&P 500), more likely in the
10,961-11,100 range...(1176-1187 in the S&P)."
I find it curious they are almost exact on the S&P but vary
slightly on the Dow. My thinking is either we exceed both these
targets or we fall way short. When these guru's agree it is almost
a kiss of death for their accuracy, LOL.
Well when you consider these guys don't technically give trading
advice, that is a interesting question. How often are they right, I
don't know 50-50???
Looks like the SPX numbers are the same across the board even
Steve came up with them!
Is Alphahorn still a member here? I miss his posts here.
Mchugh and EW topping targets
Posted by perthx on 12th of May 2010 at 05:19 pm
McHugh: "Topping zone in the Industrials is 10,845 to 10,960 and in the S&P 500 it is 1175 to 1187."
EW: " Another second wave rally is in force. it should finish below the 11,258 high in the Dow Industrials (1219.80 in the S&P 500), more likely in the 10,961-11,100 range...(1176-1187 in the S&P)."
I find it curious they are almost exact on the S&P but vary slightly on the Dow. My thinking is either we exceed both these targets or we fall way short. When these guru's agree it is almost a kiss of death for their accuracy, LOL.
Do you know what percent
Posted by searay on 12th of May 2010 at 05:32 pm
Do you know what percent these guys are up this year? Or over the last 5-10 years?
% up
Posted by perthx on 12th of May 2010 at 05:56 pm
Well when you consider these guys don't technically give trading advice, that is a interesting question. How often are they right, I don't know 50-50???
Looks like the SPX numbers are the same across the board even Steve came up with them!
Is Alphahorn still a member here? I miss his posts here.
Do they trade their calls,picks
Posted by searay on 12th of May 2010 at 06:02 pm
Do they trade their calls,picks or advice? Or use subscribers as lab rats?
EW Analysis or EWI to
Posted by vimal on 12th of May 2010 at 05:39 pm
EW Analysis or EWI to be specific is summarised in this report. http://www.erictyson.com/articles/20090616
Annualised Return
Wilshire 5000 Index +9.7% (positive return)
EWI -15.4% (negative return)
And the rest as they say .....is history
Maybe the article should be a sticky post. It gives some darn good conclusions!
yes i saw that very
Posted by searay on 12th of May 2010 at 06:03 pm
yes i saw that very interesting.