For someone who doesn't like my work, I must say it is hilarious to see you keep reading it... It's like "man I really don't like this beer, but I keep drinking it anyway." How stupid does one have to be? And I apologize for my 2% inaccuracy. I know, it's horribly inaccurate. So, if you can do any better, please enlighten us all and provide the highs and lows within the actual cent. OK?! If you cannot -and I am 100% certain you cannot- then shut up.
How can I "never have been right" when my call for 4600 two weeks ago was right?! Can't argue with stupid as they say. Good luck with your wrong EWP count. How can I "never have been right" when my call for 4600 two weeks ago was right?! Can't argue with stupid as they say. Good luck with your wrong EWP count.
speak for yourself, Steve. Learn from Rick who started off with "great work, thank you". Did your mom never teach you to be respectful and thankful, or are you also one of those entitled people? speak for yourself, Steve. Learn from Rick who started off with "great work, thank you". Did your mom never teach you to be respectful and thankful, or are you also one of those entitled people?
Hi Rick, thanks for the positive feedback. Unfortunately, your understanding is not entirely correct. Namely, as said last time and restated at the end of this article "therefore … expect[ed] to top out at 4600+/-100, a pullback to around 4400+/-100, and then a rally to SPX5100+/-100.". Thus, 4700 is -obviously- within the 4600+/-100 range and a pullback to 4500-4400 should IMHO still happen before rallying again. That remains my preferred POV until proven otherwise.
opinions are for cocktail parties. Keep trading your opinions and I will trade my fact-based analyses and in the end, compare notes. ok?! because based on your opinion one should be heavily short the market, whereas based on my work one should have gone long the breakout yesterday!
it would make you money if you bought the break out of the wedge yesterday, which I alerted y'all to last week... it would make you money if you bought the break out of the wedge yesterday, which I alerted y'all to last week...
yes, last week, as stated clearly in the article I already posted all the evidence on why a rally was much more likely: https://www.investing.com/analysis/sp-500-possible-bullish-wedge-200619838.
Dude... On February 23 I stated "$13454-13111 would be ideal" The index bottomed on February 24 at $13065, rallied, and then retested that low on March 14 at $13020. Now it is back at $14000+. Hence, my downside forecast was off by only 0.35% and 0.69%, respectively... So, what part of that didn't exactly pan out?!?
no, as long as the February 24 lows hold it is higher and higher we got! LMCPs like you confuse short-term variability with longer-term trends. See the forest through the trees!
correct in that I am not an economist. Because I have a Ph.D., i.e. trained in science and the scientific method, I have an analytical mindset and am able to analyze data objectively without opinion. That is what is required to study the markets successfully. correct in that I am not an economist. Because I have a Ph.D., i.e. trained in science and the scientific method, I have an analytical mindset and am able to analyze data objectively without opinion. That is what is required to study the markets successfully.
yes, especially corrections, as those are notoriously overlapping: when a correction starts one does not know if it will be a zig-zag (single, double, or triple), triangle (symmetrical, asymmetrical, 3,6 or 9 waves), or a flat (regular, irregular, expanded or running) thus the market has around 14 different paths to chose from... pick the right one and you will be a hero. That is why all one can do is anticipate, monitor, and adjust.