11 replies to this topic

[inamosa]

By the way, arbman, I want to just mention regarding your statement:

We may have a year to top the bull market too like you said, I have a strong(er) rally from the end of September...

Let's be clear: I didn't say where the SPX is headed. This quote from a recent CNBC interview with William O'Neil's son should clarify:

"We're not in the predicting business, we're in the interpretation business."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems (someone who says a cyclical bear market seems to have begun, which I disagree with...but that doesn't mean I don't respect him)

I prefer to interpret market actions as they happen and consider what they have led to in the past, rather than try to forecast where precisely the market is headed. It's fine to consider potential future scenarios, but I think it's best to avoid forecasting what's going to happen a year from now when it doesn't seem to help anyone (including the forecaster).

I realize that this is contrary to the premise of a board called "Fearless Forecasters," which makes me think I should not be posting much on this board (if at all).

Edited by alysomji, 02 July 2011 - 03:15 AM.

[Om_Namah_Shivay]

By the way, arbman, I want to just mention regarding your statement:

We may have a year to top the bull market too like you said, I have a strong(er) rally from the end of September...

Let's be clear: I didn't say where the SPX is headed. This quote from a recent CNBC interview with William O'Neil's son should clarify:

"We're not in the predicting business, we're in the interpretation business."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems (someone who says a cyclical bear market seems to have begun, which I disagree with...but that doesn't mean I don't respect him)

I prefer to interpret market actions as they happen and consider what they have led to in the past, rather than try to forecast where precisely the market is headed. It's fine to consider potential future scenarios, but I think it's best to avoid forecasting what's going to happen a year from now when it doesn't seem to help anyone (including the forecaster).

I realize that this is contrary to the premise of a board called "Fearless Forecasters," which makes me think I should not be posting much on this board (if at all).

Hi ALysomji,

Please don't dare to not post here...because fearless forecaster means precisely what you are doing. you are not forecasting but your interpretation of present based on past helps alot of us forecasters.....i would soon start contributing my own proprietary signals.....let every1 be on their own but lets not stop sharing