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Norman's vague prediction:
> That is why I am
> not worried to tell you that 10:30, 10:42, & 10:46 AM EDT, on Monday, June 19,
> looks like both an interesting window via a cluster of points and that the
> resolution should occur near the 10:46 AM point for a short term intra-day
> turning point.. Watch for a six to eight dollar move in the E-mini either
> before or immediately after this window.
Dennis's vague prediction:
> I predict a 6-8 point move of the S&P either before or after the
> 3:20, 3:30, 3:40 timeframe on Monday.
Norman's shoulda coulda woulda after the fact trade:
> Potentially, one could have made average $7 on the way up and $7 on the way
> down, all in one hour. On one E-mini that's $700 in one hour excluding commissions and
> slippage.
Dennis's shoulda coulda woulda after the fact trade:
Potentially, one could have made average 13 points on the way up and 9
points on the way down, all in one hour. On one E-mini that's $1100 in
one hour excluding commissions and slippage.
Of course, both gurus completely missed the real move of the day, the 25
handle run up from noon to 3:30, but hey.... WE WERE RIGHT. SUBSCRIBE
NOW. :-)
Seriously though, this isn't an attack on astrology. I'm open minded
about that one. Rather, it's a realtime example for the newbies of how
easy it is for a guru to make a vague prediction with a very high
probability of being true one way or another and later take credit for
having called the trade. I did my prediction ahead of time just like
Norman (with no analysis other than the knowledge that something usually
happens around 3:30) and, sure enough, something happened that I could
take credit for. Could you have traded it based solely on the info I
gave you? Heck no. Caveat Emptor. If somebody wants to sell you
something, ask to see real-money account statements. And no, I'm not
selling anything.
--
Dennis
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