Yes, Perthx, I subscribed to McHugh for 3 months last year.
During that time, he made several grand proclamations that
Major Wave C (the 1 that was predicted to take out the 3-9-09 Bear
Market low) had started. Being quite skittish, and an
admittedly lousy trader, I either sold my biggest long
position (AAPL) or shorted the major indices after reading that.
Each time, I wound up covering at a loss or buying back AAPL at a
higher price. Consequently, I lost money outright and
also lost opportunity. He continues to email me renewal
solicitations with hyperbole each time there is a 1-day
decline. So, my comment is quite justified.
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Yes, Perthx, I subscribed to
Mchugh.
Posted by sethbru on 14th of Mar 2011 at 01:10 am
Yes, Perthx, I subscribed to McHugh for 3 months last year. During that time, he made several grand proclamations that Major Wave C (the 1 that was predicted to take out the 3-9-09 Bear Market low) had started. Being quite skittish, and an admittedly lousy trader, I either sold my biggest long position (AAPL) or shorted the major indices after reading that. Each time, I wound up covering at a loss or buying back AAPL at a higher price. Consequently, I lost money outright and also lost opportunity. He continues to email me renewal solicitations with hyperbole each time there is a 1-day decline. So, my comment is quite justified.