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That's the old trading rec double-talk.....which is always 100% correct.
"The market should go down, but has a 50-50 chance of rebounding in the near
term"
If it goes down, he's right. If it goes up, he's right.
> -----Original Message-----
> From: tradewynne [mailto:tradewynne@xxxxxxxxx]
> Sent: Saturday, August 31, 2002 4:10 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: he's BAAACCCKK.....
>
>
> >the Nasdaq rallied 1200 POINTS between Jan 14 and April 2000....
>
> It REALLY helps if you READ. That quote was from the March 2000 issue.
> Here's Feb 4, 2000:
>
> "The NASDAQ 100 index and Dow Utilities should also join the
> Industrials in new high territory before reversing."
>
> > anyone using this rec at that time would never have been able to
> withstand the "heat" from the position loss...
>
> Of course, if you can't or don't read you'll have a lot of trouble
> following this or any other "rec." Anyway, some folks might be
> better off out of NDX mutual funds near 3500 in Jan. 2000
> than still holding now near 950. Whadaya think? Where can I find
> YOUR bearish NDX calls from March 2000? Are they in the archives
> somewhere?
>
> Prechter WAS WRONG for much of the 1990's, and I don't think he's
> right now, but let's stick to the facts, not just BS picked out of
> the sky.
>
> BW
>
>
>
>
>
>
> --- In realtraders@xxxx, "M. Simms" <prosys@xxxx> wrote:
> > OK, OK, you got me....
> > but the Nasdaq rallied 1200 POINTS between Jan 14 and April 2000....
> > anyone using this rec at that time would never have been able to
> withstand
> > the "heat" from the position loss...
> > which would have been enormous.
> >
> > Nuff said for EWT timing.
> >
> >
> > > -----Original Message-----
> > > From: tradewynne [mailto:tradewynne@x...]
> > > Sent: Saturday, August 31, 2002 2:59 AM
> > > To: realtraders@xxxx
> > > Subject: [RT] Re: he's BAAACCCKK.....
> > >
> > >
> > > > Where was this forecast in January of 2000 ?
> > >
> > > Where'd he go? Where've YOU been. You can blame RP for
> > > a lot of stuff, but not being bearish enough, early enough?
> > > Geeeze, pleeeeze. Quotes from EWFF March 2000:
> > >
> > > "March 2000 issue(data through March 2)
> > > JAN.14, 2000 [long term target] Below 400"
> > >
> > > JAN.14, 2000 [intermediate term target]HOLD SHORT Below 7500
> > >
> > > "The Dow averages, S&P 500 and New York Composite are now are in
> sync
> > > to the downside. The NASDAQ 100 achieved the new high allowed for
> in
> > > our Interim Report, but now sits on the cusp of a sharp reversal
> as
> > > the pattern traces out the final subdivisions of its fifth wave. A
> > > close beneath 4024 will align this last rising index with the
> rest of
> > > the market and signal the end of the mania."
> > >
> > >
> > > --- In realtraders@xxxx, "M. Simms" <prosys@xxxx> wrote:
> > > > http://www.elliottwave.com/conquer/reviews.html
> > > >
> > > > Robert Prechter......again ...but now with "after the fact"
> > > forecasts......
> > > > previously, he was too early.
> > > > Where was this forecast in January of 2000 ?
> > > >
> > > > Ah.....therein lies the problem with EWT.......questionable
> timing
> > > ability.
> > > >
> > > > I understand he is calling for Dow Jones < 1000 within 3
> years !!!
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
>
>
>
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>
>
>
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>
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