http://slopeofhope.c...gloves-off.html
Jeezuz
Started by
NAV
, Jan 19 2010 11:47 AM
11 replies to this topic
#2
Remo
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Posted 19 January 2010 - 11:54 AM
DOW 400 !
http://slopeofhope.c...gloves-off.html
What about this?
"Now, for a change of pace, here's Robert Pretcher on the price of oil. He doesn't see its price racing to the moon.
He sees it trading between $4-$10 a barrel in the next few years:"
What an idiot... Can't say anything else... Who would pump oil to sell it for $4 a barrel?
http://www.businessi...t-decade-2009-8
Edited by Remo, 19 January 2010 - 11:55 AM.
#3
OEXCHAOS
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Mark S. Young
Posted 19 January 2010 - 12:04 PM
I wonder how many message boards, blogs, and facebook pages these outlandish predictions get posted on.
If it's as many as I think it is, I'd say, "Mission Accomplished!"
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#4
NAV
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Posted 19 January 2010 - 12:11 PM
I wonder how many message boards, blogs, and facebook pages these outlandish predictions get posted on.
If it's as many as I think it is, I'd say, "Mission Accomplished!"
Mark
Confirmation bias is such a strong human emotion that bears would even rally around these outlandish projections. The vision of plums and sugar - "Even if we could get 1/3 of what he is projecting......."
#5
tommyt
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Posted 19 January 2010 - 12:34 PM
DOW 400 !
http://slopeofhope.c...gloves-off.html
please, this is a short/intermediate term trading board... thats crapola.
#6
lambro
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Posted 19 January 2010 - 12:46 PM
It falls in the "who cares" camp
all that matters is what your trade plan is, a trade plan is a predetermined response to repeatable market conditions, so news and fundamentals are out.
what are your predefined conditions for entry, exit, stop management, position sizing and money management?
do you know the expectancy of your model? do you know the max draw down?
9+/10 traders fail, and 9+/10 traders do not have the answers to those questions
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#7
selecto
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Posted 19 January 2010 - 12:56 PM
There it is again - ten percent of a population eating everybody else's lunch.
This needs to be investigated!
#8
NAV
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Posted 19 January 2010 - 01:41 PM
DOW 400 !
http://slopeofhope.c...gloves-off.html
please, this is a short/intermediate term trading board... thats crapola.
Clearly it's all garbage from TA perspective. We all know that. But the endorsement of such crapola from many TA sites/blogs has some sentiment value and is reflective of the overall environment we are in.
#9
tommyt
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Posted 19 January 2010 - 01:56 PM
DOW 400 !
http://slopeofhope.c...gloves-off.html
please, this is a short/intermediate term trading board... thats crapola.
Clearly it's all garbage from TA perspective. We all know that. But the endorsement of such crapola from many TA sites/blogs has some sentiment value and is reflective of the overall environment we are in.
really? seems there is always 1 or 2 out there screaming dow 400 or 1000...so not sure this is any decent sentiment read...now if a bigger number of them were...
#10
TradingUp
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Posted 19 January 2010 - 02:04 PM
Any junior economist working for Irving Fisher who had told him in April, 1930 that the Dow could be at 40 two years later would have been out of a job by the end of the day. His career would have been over.
