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Yep. The word predict has nothing to do with trading.
If it did we would never need stops or protection. :)
I've been following markets for close to 30 years and have never predicted
anything.
Just be careful with the ones who claim they can predict, or make a $1,000
a day or make 200% a week in trading etc. There are many of those crooks on
the net. If they could do that, they would have more money than Gates in 4
years. Just find out their names and check to see if they are listed as one
of the richest peopele in the world. Odds are they are not even close to
being the richest on their block. :) Most likely not even the richest in
their own family. LOL!
----- Original Message -----
From: "mr.ira" <mr.ira@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, March 07, 2004 11:39 AM
Subject: Re: [RT] nasdaq and sp500 top
> One can not predict the future with 100% reliability, but one can trade
with
> a very high degree of probability, 80%+. As for owning the world, not
with
> the current liquidity.
>
>
> ----- Original Message -----
> From: "RB" <rhodes@xxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, March 07, 2004 1:41 PM
> Subject: Re: [RT] nasdaq and sp500 top
>
>
> > The future can not be predicted period. If one could, they would own
the
> > world. But, since one can't, we are in the same boat. :) Run don't
walk
> > from someone saying this or that predicts this or that.
> >
> > ----- Original Message -----
> > From: "Alex Bell" <alex_bell@xxxxxxx>
> > To: "profitok" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Sunday, March 07, 2004 7:01 AM
> > Subject: Re: [RT] nasdaq and sp500 top
> >
> >
> > > Hello Ben,
> > >
> > > I have overlaid it over Wilshire 5000 index portfolio (symbol WINDX).
> > > See attached. As far as I can see (and of course I may be missing
> > > smth.) for the last year the study predicted about 5 tops that didn't
> > > occur and suggested no one long (didn't predict any bottom).
> > >
> > > Best regards,
> > > Alex mailto:alex_bell@xxxxxxx
> > >
> > >
> > > Sunday, March 7, 2004, 8:14:26 AM, you wrote:
> > >
> > > p> Hello
> > >
> > > p> this is my long term trading
> > > p> it is done on the weekly bars of the whilshire 5000
> > > p> (almost all stocks traded)
> > >
> > > p> when the line reaches the top it is a good time to exit your
> > conservative money and 401K and IRA
> > >
> > > p> right now we are VERY close to a top (max upside potential is
250
> > whilshire 5000 points)
> > >
> > > p> the chrt is reduced to a 1/10 of value (current close 11314)
> > > p> Ben
> > >
> > >
> > >
> > > Yahoo! Groups Links
> > >
> > >
> > >
> > >
> > >
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
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