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Re: [SM] RE: FIB Levels continue to be B.S.



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>Prechter's book written before 1995 for which I
>had to pay $50 or $60 in 1996 in which he predicted
>that the western economies or markets, I can't recall
>which, would be more or less going off the edge of the
>world in 1995!!

Max:

Why buy a book that "predicts" what happened
in 1995 in 1996? Then again, why not sell the
book at half.com now? Perhaps others are curious
what will happen in 1995 and you can get some
of your $50 back and move on.

BW


>From: Max Pierson <maxpi_44@xxxxxxxxx>
>To: Omega List <omega-list@xxxxxxxxxx>
>Subject: Re: [SM] RE: FIB Levels continue to be B.S.
>Date: Fri, 21 Dec 2001 10:27:55 -0800 (PST)


>
>Neal:
>
>I read Prechter's book written before 1995 for which I
>had to pay $50 or $60 in 1996 in which he predicted
>that the western economies or markets, I can't recall
>which, would be more or less going off the edge of the
>world in 1995!! Never mind that baby boomers are
>buying stock, his overanalytic and under
>intellectually developed system says buy
>gold/bullets/farms in hidden valleys in Montana/etc.
>
>He had the balls to keep selling the book and charging
>a lot for it a year after he was so incredibly,
>stupidly wrong. It all looked like a lot of overly
>analytic unreal sickness to me anyhow. I was just
>beginning to study trading and I recall hoping that I
>never had to learn all that s__t.
>
>If I had been watching Boeing for a recovery, my
>home-brewed indicator system would have signaled to
>get me in at $29.15 on 9/21 if I just had to have some
>BA and needed a place to put $ or was looing for a
>snap-back play. If I were assisting a risk-aversive
>long-term holding friend I would have gotten a signal
>to enter at $32.75 on 9/24.
>
>I really would like to know if your analysis would
>beat that because if the answer is no then I don't
>want to ever waste any more time or money on
>fibonacci/music of the spheres garbage and of course
>if the answer is yes then I will have to study it.
>
>
>Max
>
>"The race may not always go to the swift nor the battle to the strong, but 
>it is the way to bet"
>