Posted by ducksoup on 11th of Mar 2011 at 09:22 pm
I have been a subscriber for the last 2 years, my subscription
just ran out, and I will not be renewing. If you were to
follow his primary trend indicators, you would not have done too
badly, but if you actually read his commentary, he is almost always
ultra bearish and tends to make you ignore his own technical
indicators. I have to say he has moderated his approach some lately
and hedges his bets a lot more, because many of his calls for major
drops have been busts.
His solution to our economic problems is to have the federal
government rebate several years worth of income taxes to the middle
income taxpayers. Even if this would work, it is so far out
of the realm of possibility, what's the point of suggesting it?
He also includes a lot of cycle turn indicators based on
Fibonacci numbers of trading days and other sources. There are
enough of them so that when a big move does happen it will be close
to something he has cited. I have not found this part of his
site to be of any value.
"His solution to our economic problems is to have the federal
government rebate several years worth of income taxes to the middle
income taxpayers. Even if this would work, it is so far out
of the realm of possibility, what's the point of suggesting
it?"
Better to give my hard-earned money to Wall Street Banks
than let me keep it, right? What IMO is "so far out of the
realm of possibility", is the fact that Americans care more about
the NFL than paying attention to the out of control shadow
government that has hijacked our great Republic so many brave
souls fought and died for.
Posted by ducksoup on 12th of Mar 2011 at 08:24 pm
jtverr - sorry, not taking that bait. I respect your
opinion, and agree that Mchugh has made some good calls, ie
precious metals, along with others that are either wrong or
premature. In terms of trading knowledge and useful advice,
this website is head and shoulders above McHugh or anything else I
have found. If I have learned anything in the last few years
it is that no one has all the answers, and that keeping an open
mind about what may transpire is key.
Not trying to bait anyone. If you ask Matt or Steve, they
may even tell you that they read McHugh AND EWI. I don't know
for sure, but I would if I were them. When people post from
these two sources, I just find it frustrating to see all the
bashing, that's all.
Someone brought up McHugh's opinion that the American people
should recieve tax relief rather than bailing out Wall Street
and I happen to agree with it.
Posted by ducksoup on 13th of Mar 2011 at 10:18 am
Ok, understood. My point was not that I disagree with
McHugh about the need to support the middle class. I actually
agree with him on that. I just don't think suggesting that
the federal government rebate several years of taxes to the middle
class all at once is a realistic option.
I have been a subscriber
Mchugh.
Posted by ducksoup on 11th of Mar 2011 at 09:22 pm
I have been a subscriber for the last 2 years, my subscription just ran out, and I will not be renewing. If you were to follow his primary trend indicators, you would not have done too badly, but if you actually read his commentary, he is almost always ultra bearish and tends to make you ignore his own technical indicators. I have to say he has moderated his approach some lately and hedges his bets a lot more, because many of his calls for major drops have been busts.
His solution to our economic problems is to have the federal government rebate several years worth of income taxes to the middle income taxpayers. Even if this would work, it is so far out of the realm of possibility, what's the point of suggesting it?
He also includes a lot of cycle turn indicators based on Fibonacci numbers of trading days and other sources. There are enough of them so that when a big move does happen it will be close to something he has cited. I have not found this part of his site to be of any value.
"His solution to our economic
Posted by jtverr on 12th of Mar 2011 at 08:25 am
"His solution to our economic problems is to have the federal government rebate several years worth of income taxes to the middle income taxpayers. Even if this would work, it is so far out of the realm of possibility, what's the point of suggesting it?"
Better to give my hard-earned money to Wall Street Banks than let me keep it, right? What IMO is "so far out of the realm of possibility", is the fact that Americans care more about the NFL than paying attention to the out of control shadow government that has hijacked our great Republic so many brave souls fought and died for.
jtverr - sorry, not taking
Posted by ducksoup on 12th of Mar 2011 at 08:24 pm
jtverr - sorry, not taking that bait. I respect your opinion, and agree that Mchugh has made some good calls, ie precious metals, along with others that are either wrong or premature. In terms of trading knowledge and useful advice, this website is head and shoulders above McHugh or anything else I have found. If I have learned anything in the last few years it is that no one has all the answers, and that keeping an open mind about what may transpire is key.
Not trying to bait anyone.
Posted by jtverr on 13th of Mar 2011 at 07:25 am
Not trying to bait anyone. If you ask Matt or Steve, they may even tell you that they read McHugh AND EWI. I don't know for sure, but I would if I were them. When people post from these two sources, I just find it frustrating to see all the bashing, that's all.
Someone brought up McHugh's opinion that the American people should recieve tax relief rather than bailing out Wall Street and I happen to agree with it.
Ok, understood. My point was
Posted by ducksoup on 13th of Mar 2011 at 10:18 am
Ok, understood. My point was not that I disagree with McHugh about the need to support the middle class. I actually agree with him on that. I just don't think suggesting that the federal government rebate several years of taxes to the middle class all at once is a realistic option.
I think Matt and Steve like this better than the other guys.
Posted by zach06 on 13th of Mar 2011 at 11:07 am
http://caldaro.wordpress.com/