23 replies to this topic

[humble1]

NAV: yes, he misread the lindsay pattern. but, he does admit that and i just don't get what that has to do with evaluating his analysis right now. if you say: well, he was wrong and i only listen to folks who are right, you are setting yourself up to being disappointed and to being a guru-groupie. since you clearly know a LOT about markets, why not just look at it from the standpoint of whether or not YOU agree with his current analysis? i don't know how else to approach this game. regards, H1

Edited by humble1, 03 February 2009 - 03:41 AM.

[NAV]

NAV:

yes, he misread the lindsay pattern. but, he does admit that and i just don't get what that has to do with evaluating his analysis right now. if you say: well, he was wrong and i only listen to folks who are right, you are setting yourself up to being disappointed and to being a guru-groupie.

since you clearly know a LOT about markets, why not just look at it from the standpoint of whether or not YOU agree with his current analysis? i don't know how else to approach this game.

regards,

H1

Actually Carl Futia does some pretty good analysis. I like the way he uses the box theory. It gives some uncanny measured move projections. That's the part i love about Carl. As for calling the turns, his analysis has been very subjective and he has been adamantly one-sided and wrong sided. I love to listen to all market observers and open minded to their intrepretations. My stance has been clear. We topped out at 940. I made that call one day after we topped and since then my expectation has been that we would test the Nov lows. So essentially i disagree with Carl. But who knows ? The market action may change my mind.

[selecto]

I used to follow Futia's work, and did not find it helpfull. Guru Grades has him on the bottom of its list also.

[humble1]

selecto: only as a backgrounder do i use the lindsay patterns. but when the L-L-H show up, i do think of lindsay.