Bob Prechter was right

Looks like he was right. Market is saying we heading into a deflationary depression.

Looks like he was right.

Market is saying we heading into a deflationary depression.

does he make more money calling the top five years before or selling his books ?

Edited by andr99, 23 October 2008 - 04:37 AM.

Looks like he was right.

Market is saying we heading into a deflationary depression.

does he make more money calling the top five years before or selling his books ?

I think last time Pretcher was bullish was sometime in the 80s.

A lot of people made a lot of money since then. Pretcher only made money selling books.

I'm more interested in your trades...if you post entry's...I think it's proper to follow through . What happened to your long trade yesterday. You mentioned you covered your short but never said where....you never gave an entry for that matter....but then you reversed and went long.....I'm guessing by the time of your post it was around the 920 area. You also had a post about Japanese small caps and someone asked a question in that thread that is not answered yet. I also had a question about how you determine your stops but never got an answer. Could you follow up on the above please. ....because if trading this market is like shooting fish in a barrel....enquiring minds want to know. Thank you.

i can understand and agree with the negative comments about BP. i do not defend him and his system missed calling the 1987 crash, while marty zweig and arch crawford - the two letter writers i followed at the time - nailed it. but let me offer this perspective: starting in the early 1980's BP was very vocally and in print about a HUGE huge bull market about to start. at the 1982 lift-off he was correctly extremely bullish while there were many doubters - the same for the 1984 lift-off.

Edited by humble1, 23 October 2008 - 05:33 AM.

PS.. The other thing that would be worth knowing is the name, symbol and exchange of the vehical you are trading. I know it mirrors the spx cash but if you can get short cash at a price 20 points above where futures are trading....I'd like to get in on that action. Thanks in advance.

He was wrong for 18 years....THEN he was right. TDM

PS.. The other thing that would be worth knowing is the name, symbol and exchange of the vehical you are trading. I know it mirrors the spx cash but if you can get short cash at a price 20 points above where futures are trading....I'd like to get in on that action. Thanks in advance.

Stops are in place. I think I posted that. I see a ST bounce, what I play for.

Edited by Tor, 23 October 2008 - 06:01 AM.

PS.. The other thing that would be worth knowing is the name, symbol and exchange of the vehical you are trading. I know it mirrors the spx cash but if you can get short cash at a price 20 points above where futures are trading....I'd like to get in on that action. Thanks in advance.

Stops are in place. I think I posted that. I see a ST bounce, what I play for.

I guess that's why I ask how you determine your stops. You were long at around 920 and you didn't get stopped out on the downdraft to 876?

PS.. The other thing that would be worth knowing is the name, symbol and exchange of the vehical you are trading. I know it mirrors the spx cash but if you can get short cash at a price 20 points above where futures are trading....I'd like to get in on that action. Thanks in advance.

Stops are in place. I think I posted that. I see a ST bounce, what I play for.

I guess that's why I ask how you determine your stops. You were long at around 920 and you didn't get stopped out on the downdraft to 876?

No, I put in below prev lows.

You should try posting...its hard work when trading.