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« Last Chance is About Over | Main | Last Chance is Not Done »

Monday, November 09, 2009

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Ed

Who cares what the market is going to do, we are all going to die from a new strain of H1N1 that in less than a week has infected more than 1 million people in the Ukraine and seems to be killing people with hemorrhagic symptoms at a rate much higher than normal and given the rate of infection, this strain is much more efficient. I give it two weeks and we'll have a lot more to worry about then what the count is. 1918 nightmare unfolding.

http://www.recombinomics.com/News/11090905/Ukraine_Million_Top.html

JT

Thanks Shanky!
:)

DG

DG, are you saying that Robert Prechter and his associate Hochberg give Elliott Wave Theory a bad rap and black eye?

Posted by: Michael | Monday, November 09, 2009 at 04:18 PM

What do you think? Prechter made a nice call last year and in late February this year, but has otherwise been off-target for the better part of the last 10 years, from what I understand. I was never a subscriber, although I get the EWI free e-mails and read Yelnick's updates here.

In my opinion, he got those two calls right by luck, because his wave structure wasn't even the right one, it just happened to coincide with turns in the market that were part of a completely different wave count. Trading with wave theory is like that sometimes, where you can be right on the trade for the wrong reason. In my opinion, anyone counting this move from the March lows as an Impulse is in that situation.

Michael

Understood.
Thanks!

Danny

The bloggers on this site are disgusting!

First off, at least Daneric and Kenny have gotten many counts right. Why don't you mention those first, before you cowardly blast them away.

Second, the only people I've seen them black list are people that are not following guidelines (aka cursing or being plain nasty).

Third, everybody and their mother knows that the market is way overvalued, no matter how you look at it.

Guys like Mike are the ones that wait for X to happen so that they can come back and say, "Told you so!". Whatever you bunch of losers.

Of course you are going to come back with some stupid excuses. Losers.

Wavist

Oh good posting's come back again. The decline a clear five-waves? Can you say corrective???

Wavist

I think the trouble with the people who come up with these counts is that they don't do intermarket analysis, or worse choose to ignore hypercorrelated indices that don't fit - if it doesn't work across SPX/DJIA/FTSE/DAX it's wrong.

pman

I agree with you Danny, this is just silly. I love this blog, but idiots who come here to tear down other sites work ruin it for me. Saying others get run off blogs merely because they are bullish is way off base. Posters are banned because they have no respect. Guys like Michael, who say they have been trading for years act more like fresh high school graduates who are still too immature for the real world. Ripping on Prechter because he has made a call that went the other way is just idiotic, like they get all the calls right. They clearly do not know Prechter's history, give the guy some respect, he has earned it. I doubt guys like Yelnick would bother to comment on his work if it was not worth of it. It is like you just started trading in March, and all you have known is this massive bear market rally. Grow up.

Hank Wernicki

:-)

And one wonders why the world is such a mess

Just read the comments on this blog ( which I enjoy [ some ] )

Mankind's problem is communication and we have yet to master it let alone the markets !

Let's stop the insults <<<<<<<<<<<<<<< Please


Michael

"Guys like Michael, who say they have been trading for years act more like fresh high school graduates who are still too immature for the real world. Ripping on Prechter because he has made a call that went the other way is just idiotic, like they get all the calls right. They clearly do not know Prechter's history, give the guy some respect, he has earned it."

Danny, let me guess . . .

You were probably still in diapers during Prechter's "Lost Decade" from 1993-2004, when he was WRONG for not just weeks or months or years, but an ENTIRE DECADE!!!

It is you, my young friend that clearly does not know Prechter's history. I would suggest that you actually do some due-diligence before opening up your mouth . . . otherwise, you look quite ignorant.

Wakeupsid

EWI is over impluse comes out of correction and last longer then correction itself and correction comes out of impluse and last longer then correction

Good thing is that you can always find that X wave between correction to impluse and vice versa

Good luck finding those impluse and correction!

Dean

"First off, at least Daneric and Kenny have gotten many counts right. Why don't you mention those first, before you cowardly blast them away.

Second, the only people I've seen them black list are people that are not following guidelines (aka cursing or being plain nasty)."

And what counts have Daneric or Kenny gotten right?
Better yet, why is is that they refrain from posting specific trades given their alleged right calls? Care to speculate as to why Daneric doesn't trade for a living, if his calls are so good? Carl Futia posts his trades on his blog. How come Daneric and Kenny don't?

As for these bozos black-listing posters from their blogs... you have no idea. You are dealing with a fanatical religious "cult" here that has no interest in people posting bullish comments. These are people that have been embracing every conspiracy theory and market manipulation story known to mankind. They have no room for anyone that doesn't subscribe to a much anticipated collapse in the financial markets. You are allowed to swear as much as you want, as long as you are a hardcore BEAR and are foaming at the mouth for P3 to come!

Every now and then Daneric feels guilty to kicking people off his blog ( or perhaps its because he has lost so many followers given his horrible calls/counts and inability to make money off a rising market that the activity on his blog has dried-up ) and he posts a mea-culpa allowing all of the people that he's banned, back. In fact, he did this last month. But it isn't long before he starts blocking people (again) who have a more bullish angle to their opinion on the market.

Tell you what . . . Feel free to spend a day or two on Kenny's blog and let me know how many "bullish" posts/posters you see.
I dare you.
:)

yelnick

Molecool, don't think so, except a few a couple of weeks ago. I just got back from Oz and am catching up, but a scan didn't show them. Try yelnick(at)gmail(dot)com. Google spam may be catching the name you use - try a different name for your email.

yelnick

DG, good point. If we break SP1102 then his Up move is on. I should have added that.

Rubb M.E. Goody

So what have we learned?

Prechter, Kenny and Daneric Suck.

Neely sucks less.

A lot of people hate Michael for telling on them.

NEXT!

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