2 years ago the SPY was 132-133 and he sold his long term
Conservative position at 113.23. So a Conservative investment is
down around 17% for a 2 year holding period.
I think you would be better off in a money market fund than with
this guy. I had a couple of 2 week trial subscriptions to him and
either could not figure out what he was talking about or he had so
many scenarios that you might have well just flipped a coin. Like
Steve says Elliot wave is a general map but you don't use it to
trade the markets.
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Does he have a down
McHugh called the top today
Posted by doctormike on 15th of Jan 2010 at 06:16 pm
Does he have a down side target?
McHugh's long term target over
Posted by ducksoup on 17th of Jan 2010 at 01:16 pm
McHugh's long term target over several years is 0 - he is predicting world wide catastrophe based on large long term H and S formations.
2 years ago the SPY
Posted by RM686 on 17th of Jan 2010 at 02:14 pm
2 years ago the SPY was 132-133 and he sold his long term Conservative position at 113.23. So a Conservative investment is down around 17% for a 2 year holding period.
I think you would be better off in a money market fund than with this guy. I had a couple of 2 week trial subscriptions to him and either could not figure out what he was talking about or he had so many scenarios that you might have well just flipped a coin. Like Steve says Elliot wave is a general map but you don't use it to trade the markets.