In fairness Prechter was right in early 2003 when he called for
quite a high S&P target for the recovery. He and his
partners have been too bearish on gold though, most of the time
since the 2000 low - they don't 'get' that gold is money. Just FYI,
the monthly EW reports from Hochberg make really good reading. You
just have to be careful about their daily work, which is just too
bearish all the time.
Maybe this should be a sticky post. Every dog has its 15 seconds
of stardom
in the cold light of day though, it remains a dog
i am referring to the theory and not the individuals. look at it
this way. EW is their life yet even they cant make it work. its
beyond common sense that the retail trader would think for one
minute these guys who study ew day in day out
my simple advice.....ew is nothing short of Extreme Waffle
....my opinion so feel free to follow it if you like donating
money
In fairness Prechter was right
oh oh we may be heading higher now, LOL
Posted by PA on 11th of Aug 2010 at 11:02 am
In fairness Prechter was right in early 2003 when he called for quite a high S&P target for the recovery. He and his partners have been too bearish on gold though, most of the time since the 2000 low - they don't 'get' that gold is money. Just FYI, the monthly EW reports from Hochberg make really good reading. You just have to be careful about their daily work, which is just too bearish all the time.
Maybe this should be a
Posted by vimal on 11th of Aug 2010 at 01:19 pm
Maybe this should be a sticky post. Every dog has its 15 seconds of stardom
in the cold light of day though, it remains a dog
i am referring to the theory and not the individuals. look at it this way. EW is their life yet even they cant make it work. its beyond common sense that the retail trader would think for one minute these guys who study ew day in day out
my simple advice.....ew is nothing short of Extreme Waffle
....my opinion so feel free to follow it if you like donating money
http://www.erictyson.com/articles/20090616