Whatever happened to that crazy guy who kept posting the rock music videos of the ball falling over the cliff (chart)? Looks like he finally got what he was predicting... I'll bet his charts look pretty smart right about now... (can't remember his name...icon had a bear in it, though)
mm
Not all crazy people are wrong
Started by
maineman
, Oct 23 2008 11:17 AM
5 replies to this topic
#2
humble1
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Posted 23 October 2008 - 11:22 AM
you are right: but the key is not to be broke before you are right. that is where a good trading system and discipline WHEN YOU ARE WRONG comes in.
all the good traders here espouse that.
#3
dasein
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Posted 23 October 2008 - 11:51 AM
wasnt that hayrake?
best,
klh
klh
#4
fib_1618
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Posted 23 October 2008 - 12:26 PM
Yes, it was Karen.wasn't that hayrake?
I used to keep a sentiment chart of his posts up until he had a terrible melt down in December of 2006 (coined "Black" Friday on the chart shown below), and just two months before the "Yen Carry Trade" decline of February 2007 - the first bearish salvo in relation to today's fundamental problems.
Yep, I'm sure he's one happy bear right now.
Fib
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=2006-01-01&en=2006-12-31&i=t21355699214&a=83431304&r=4449.png
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#5
flyers&divers
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Posted 23 October 2008 - 12:29 PM
Greene was also adamant about a major meltdown.
"Successful trading is more about Sun Tzu then Elliott." F&D
#6
fib_1618
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Posted 23 October 2008 - 12:55 PM
Yes, there were several others who, at one time, called themselves the "Magnificent Seven" as many will remember.Greenie was also adamant about a major meltdown.
Funny thing, for one reason or another, they haven't been posting here of late which I find rather odd....sort of like the bulls who rarely posted during the 2002-2007 uptrend. I guess one could extrapolate from this that when the trend is going your way, contributors will tend to watch board action more than espouse their views. (?)
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
