in the fwiw department, today marks the day that McClellan
forecasts as the high for 2014. To follow his 1928-1929 analog, we
need a waterfall type decline to 3/31/14. watchful waiting, good
trading, but fasten those seatbelts.
hazbin, I've corresponded with Tom, and he actually places
little confidence in the analog. His AAPL analog last year
did *predict* that top, so wait/watch. I like his father's
analysis a bit better, in that he's been more correct about
equities, and he too sees a final bull market top in Jan., then
lots of volatility ahead. He also calls for gold strength
into March testing the Aug. highs. All fwiw, as you said. I'm
making more money on the trade ideas here)
survup, thanks for the update, i won't be betting the
ranch on the analog as it's only 97% correlated as of today,
although the last 30 odd trading days it has fallen to ~73%.
analogs are 'fun' to watch, just one more caution sign in this
frothy market. I'm hoping for more volatility (as we all are I'm
sure). Historically i've like his gold calls, so i'd be happy to
see that happen. bottom line, like you I'm doing far better here
with BPT (live) following charts than i would be had i hidden
behind analogs and doomsayers prognostications. good trading.
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McClellan analog
Posted by hazbin1 on 15th of Jan 2014 at 11:28 am
in the fwiw department, today marks the day that McClellan forecasts as the high for 2014. To follow his 1928-1929 analog, we need a waterfall type decline to 3/31/14. watchful waiting, good trading, but fasten those seatbelts.
hazbin, I've corresponded with Tom,
Posted by survup on 15th of Jan 2014 at 11:37 am
hazbin, I've corresponded with Tom, and he actually places little confidence in the analog. His AAPL analog last year did *predict* that top, so wait/watch. I like his father's analysis a bit better, in that he's been more correct about equities, and he too sees a final bull market top in Jan., then lots of volatility ahead. He also calls for gold strength into March testing the Aug. highs. All fwiw, as you said. I'm making more money on the trade ideas here)
McClellan
Posted by a_l_ on 15th of Jan 2014 at 02:53 pm
McClellan's time-shifting is only slightly more useful than shape-shifting.
looks like this is the
Posted by himsa on 15th of Jan 2014 at 04:45 pm
looks like this is the top january area....from the analog pic
this looks like its playing
Posted by himsa on 25th of Jan 2014 at 03:38 pm
this looks like its playing out...expect a bounce around 15650 area on the dow
Agreeing with the analog call followup
Posted by hazbin1 on 15th of Jan 2014 at 01:10 pm
survup, thanks for the update, i won't be betting the ranch on the analog as it's only 97% correlated as of today, although the last 30 odd trading days it has fallen to ~73%. analogs are 'fun' to watch, just one more caution sign in this frothy market. I'm hoping for more volatility (as we all are I'm sure). Historically i've like his gold calls, so i'd be happy to see that happen. bottom line, like you I'm doing far better here with BPT (live) following charts than i would be had i hidden behind analogs and doomsayers prognostications. good trading.