Posted by marketguy on 17th of Jan 2011 at 07:05 pm
zach...not saying that Price isn't King...
my point is is this scenario off the table (after being
trumpeted on this very same site for months and months)? or
due to the sentiment and change in BPT's own thinking and elevated
targets are we indeed fulfilling a wave B top (again which hasn't
been mentioned for a very long time).
to clarify, I'm not saying that we should ignore price but
at what point is this no longer a feasible possibility or in fact
due to recent events should we be talking about it again....
I only use elliot wave for some quidence.... Too many if that..
then that scenerios. Prechter is the guy who was
calling for gold to drop to 600 when it was at
900ish... I think he was the guy with a bunch of
Hindenberg Omens... still waiting.. He
doesn't even trade anymore and friends of mine have met his son
taking trading classes from someone else... His kid doesn't even
believe in his old man. Also,
with the internet, modern computers, and
central banks pumping money into the system I don't know where
there is a "HISTORY" where elliot wave has been tested under
current conditions? Since we never had the
internet until the mid 90's and in full speed later
on... I don't see how elliot wave has ever been tested under todays
conditions. Unitl someone can prove
otherwise, I would keep the loses small and let
the winners ride.
Posted by fixdgear on 17th of Jan 2011 at 07:42 pm
zach you make a great point....
>jim sinclair said gold to $1000 when it
was $500...lol.i was all ready long at $350...but then again i like
shiny gold coins..hahaha
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zach...not saying that Price isn't
Illinois dummies
Posted by marketguy on 17th of Jan 2011 at 07:05 pm
zach...not saying that Price isn't King...
my point is is this scenario off the table (after being trumpeted on this very same site for months and months)? or due to the sentiment and change in BPT's own thinking and elevated targets are we indeed fulfilling a wave B top (again which hasn't been mentioned for a very long time).
to clarify, I'm not saying that we should ignore price but at what point is this no longer a feasible possibility or in fact due to recent events should we be talking about it again....
Prechter
Posted by zach06 on 17th of Jan 2011 at 07:36 pm
I only use elliot wave for some quidence.... Too many if that.. then that scenerios. Prechter is the guy who was calling for gold to drop to 600 when it was at 900ish... I think he was the guy with a bunch of Hindenberg Omens... still waiting.. He doesn't even trade anymore and friends of mine have met his son taking trading classes from someone else... His kid doesn't even believe in his old man. Also, with the internet, modern computers, and central banks pumping money into the system I don't know where there is a "HISTORY" where elliot wave has been tested under current conditions? Since we never had the internet until the mid 90's and in full speed later on... I don't see how elliot wave has ever been tested under todays conditions. Unitl someone can prove otherwise, I would keep the loses small and let the winners ride.
holy sheet
Posted by fixdgear on 17th of Jan 2011 at 07:42 pm
zach you make a great point.... >jim sinclair said gold to $1000 when it was $500...lol.i was all ready long at $350...but then again i like shiny gold coins..hahaha