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A must read for traders shorting the market...


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#1 pdx5

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Posted 03 February 2007 - 01:35 PM

In this article Robert McHugh gives a detailed explanation of how
the PPT operates. His other indicator is still Bullish, since July 2006.

http://www.safehaven...rticle-6831.htm
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#2 da_cheif

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Posted 03 February 2007 - 01:39 PM

coming from mchugh its no surprise........the real story is how the MUPT operated in order to keep most on this and other boards bearish all the way up.....lololol

Edited by da_cheif, 03 February 2007 - 01:40 PM.


#3 BigBadBear

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Posted 03 February 2007 - 01:56 PM

What a comedian :angry:

Is he capitulating or showing us the value of his PHd by analysing in retrosprect.

Amazing





In this article Robert McHugh gives a detailed explanation of how
the PPT operates. His other indicator is still Bullish, since July 2006.

http://www.safehaven...rticle-6831.htm



#4 Data

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Posted 03 February 2007 - 02:03 PM

That's old news. At the same time they announced lowering the margin requirements to 15 percent last July, the Treasury put out a press release to declare the Working Group on Financial Markets would be monitoring the markets on a more continous basis, roughly every month. Greater leverage in the markets and lower volatility or risk was what was inferred by the announcements, which is exactly what we've seen to date.

#5 pdx5

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Posted 03 February 2007 - 02:10 PM

Looks to me like McHugh has finally capitulated :cry: Time for bulls to get cautious ?? :D
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 Rogerdodger

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Posted 03 February 2007 - 02:41 PM

Note that Dr McHugh contends that his commentaries "do not present forecasts" and considers this review to be "pure garbage." He states that, based on his private record, he has a "100 percent correct track record of forecasting turns"

From October 20th:

According to professor Robert "McHuge", Tuesday, Oct 24th will be 1704 (Fib) trading days from the Jan 14, 2000 previous all time high.
He also has pointed out that it will be the date of two of his "Phi Mates".
This should result in a "Significant trend change".


On the 27th we did get a 6 day correction. Not exactly a "Significant trend change".

:lol:

Maybe Dr. Bob is trying to improve from next to last place:


Posted Image

Edited by Rogerdodger, 03 February 2007 - 02:57 PM.


#7 nimblebear

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Posted 03 February 2007 - 02:50 PM

Maybe the PPT is using Hanks fractal method to determine when the market SHOULD correct and then they act accordingly. But then how would they get the fractals to repeat ?
OTIS.

#8 Vector

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Posted 03 February 2007 - 03:42 PM

PPT has been sitting back and relaxing letting the PHT do all the work for them, the latter is doing a stellar job at it too! At this rate PPT may never have to intervene :P

Edited by Vector, 03 February 2007 - 03:43 PM.


#9 xe2dy

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Posted 03 February 2007 - 04:34 PM

A Broken Record
By Kenneth L. Fisher | Jan 29 '07

I'm starting to sound like a broken record. My 2007 forecast is for the global stock market, as measured by the Morgan Stanley World Index, to be up somewhere between 10% and 40%, while the S&P 500 will up but by a lesser amount. By either measure the stock market will trounce both bonds and cash. The problem: This was precisely my last year's forecast.

In 2006 the World was up 20.1% (including dividends). The S&P 500 was up 15.8%. The ten-year bond delivered a total return of 2.4%, and cash was boring.


https://www.keepmedi...7/0129/104.html