I've been spare-time trading for less than a year, and I've
never heard of the guy. But his BAM (Beat-Any-Market) theory
is intriguing. I also watched some of his other videos.
His theories make as much sense to me as the other technical
analysis methods I'm becoming familiar with--kind of like
astrology--and that's a good thing coming from this old hippy.
However, I finally gave up on astrology--it took more
intuition than I believed I could develop. But I'm hanging
with TA.
It is amazing that trend lines can be drawn through three or
more extreme points many, many times on random charts. And
those fib levels do work out often enough to give one pause.
So I'm convinced the market is not random.
But how are we to take warnings like this from BAMTRADER?
My intuition (emotion, I guess) has got me on edge.
Maybe I've read too much Prechter or Bill Bonner.
Aren't these guys, who make a lot of sense, predicting
something like BAMTRADER? It's just that BAMTRADER says it's
going to happen next week. What do you all think of his
warning and his technical analysis? Anyone see the flash
crash coming? . . .how about the crash of '87? Can you pros
out there read the tea leaves of the charts in time to save your
wealth or make a killing?
Last fall BAM ran a big ad campaign and at that time they
predicted a "crash next week", for three months straight. It
finally just seemed stupid. I'm too much of a bear, to my
detriment. But BAM saying there will be a crash next week
basically means nothing.
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BAMTRADER says CRASH!
BAM Investor (do you still listen them?)
Posted by tradequick on 4th of Aug 2010 at 12:57 am
I've been spare-time trading for less than a year, and I've never heard of the guy. But his BAM (Beat-Any-Market) theory is intriguing. I also watched some of his other videos. His theories make as much sense to me as the other technical analysis methods I'm becoming familiar with--kind of like astrology--and that's a good thing coming from this old hippy. However, I finally gave up on astrology--it took more intuition than I believed I could develop. But I'm hanging with TA.
It is amazing that trend lines can be drawn through three or more extreme points many, many times on random charts. And those fib levels do work out often enough to give one pause. So I'm convinced the market is not random.
But how are we to take warnings like this from BAMTRADER? My intuition (emotion, I guess) has got me on edge. Maybe I've read too much Prechter or Bill Bonner. Aren't these guys, who make a lot of sense, predicting something like BAMTRADER? It's just that BAMTRADER says it's going to happen next week. What do you all think of his warning and his technical analysis? Anyone see the flash crash coming? . . .how about the crash of '87? Can you pros out there read the tea leaves of the charts in time to save your wealth or make a killing?
BAM
Posted by Michael on 4th of Aug 2010 at 05:19 am
Last fall BAM ran a big ad campaign and at that time they predicted a "crash next week", for three months straight. It finally just seemed stupid. I'm too much of a bear, to my detriment. But BAM saying there will be a crash next week basically means nothing.