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Hi
Let's be fair to Miner.
No one will ever be perfect. In this game
most of us are wrong more often than not.
What is important is that we make money.
We do that by having specific boundaries
for our trades.
In this case, Miner has specified this a
CIT trade, we are in a price zone, with
the time window extending into the end of
April (I think). Once the time expires,
unless the sell signal is triggered, the call
in invalidated. He is also looking for a specific
entry signal and has a stop in case the trade
goes wrong.
You can't ask much more from an advisory service.
This is not to say I agree with Miner - I am
merely saying the call is tradable given his
parameters.
I do agree there have many premature calls
the end of the bull mkt that have proven to
be wrong - I guess the challenge in this "mania"
mkt if to stay in long enough and not get
caught by the inevitable "bear".
regards
ray
R Barros
101/25 Market Street
Sydney NSW 2000
Australia
Voice: 612 92673470
Fax: 612 92673478
E-Mail: ramon@xxxxxxxxx
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> From: PGREC <PGREC@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Stock Market Report from Robert Miner
> Date: Thursday, April 23, 1998 8:54 AM
>
> you wrote on 4/22/98
>
> <All,
>
> I think it is true to say that Robert Miner made his name by correctly
> calling the Oct '87 Crash.
>
> Well he has just posted a strong warning on his web site. The report is a
> full 14 page job and makes interesting reading.>
>
> Robert Miner is good, but you should be aware he has written similar
warnings
> many times in the last year or two. If I believed every prediction of the
> potential for a bull market ending top, I would have been out of the
market a
> long time ago. Maybe he will be right this time, but he has been far from
> perfect.
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