Never saw him hedge as much as he is now about the so called
"catastrophic C wave down".
This guy usually sticks with his views no matter how wrong until
it is painfully obvious that he is wrong (what is it about these EW
types, so akin to religious fervor?) Now he is hedging his
commentary all over the place.
Over the weekend he actually made one comment that showed a
little humility. Strange days for the markets indeed when it can
have that kind of effect of newsletter writers.
Noticed that too in yesterday's commentary. It's the first
time he has sounded less than confident about a catastrophic wave C
down. Guess we must be getting close to a top if even McHugh
is wavering....
I had noticed that as well. Is it the whipsaw of the
markets that have been more than a little unusual? ...... and it
does make one wonder what it has up it's sleeve for the next
12-18months. As a newbie to this profession I am enjoying and
often marveled by the commentary and chatter. I have
certainly found a new passion. For every thousand opinions it
is likely you may find a thousand in rebuttal.
McHugh getting soft
Posted by perthx on 18th of Nov 2009 at 08:44 am
Never saw him hedge as much as he is now about the so called "catastrophic C wave down".
This guy usually sticks with his views no matter how wrong until it is painfully obvious that he is wrong (what is it about these EW types, so akin to religious fervor?) Now he is hedging his commentary all over the place.
Over the weekend he actually made one comment that showed a little humility. Strange days for the markets indeed when it can have that kind of effect of newsletter writers.
Noticed that too in yesterday's
Posted by pebs on 18th of Nov 2009 at 10:49 am
Noticed that too in yesterday's commentary. It's the first time he has sounded less than confident about a catastrophic wave C down. Guess we must be getting close to a top if even McHugh is wavering....
a metric of market chaos?
Posted by tahoe on 18th of Nov 2009 at 09:01 am
I had noticed that as well. Is it the whipsaw of the markets that have been more than a little unusual? ...... and it does make one wonder what it has up it's sleeve for the next 12-18months. As a newbie to this profession I am enjoying and often marveled by the commentary and chatter. I have certainly found a new passion. For every thousand opinions it is likely you may find a thousand in rebuttal.
Carefull. Passion turns into obsession.
Posted by Palladin on 18th of Nov 2009 at 11:23 am
Carefull. Passion turns into obsession. Then you start playing with real money. Then comes the Vodka