15 replies to this topic

[Mtrader]

13750 in a few days will clean up the short. Then cacoom.

[Frac_Man]

yep !

13750 in a few days will clean up the short. Then cacoom.

[da_cheif]

nope

[partimer1]

I subscribe their service and I must say that I am not impressed with their prediction. Their short term prediction has been wrong since the low in March, and they keep looking for the wave 2 till the breakout, and they keep a very bearish stand overall. The most fascinating thing is that their prediction of DOW will go to 400, which really made me wonder why the hell I paid them at the first place. In any rate, prechter's reasoning is that 5/2/2007 +/- 4 trading days is the fib 5/3. From Oct 9th 2002 low (Dow) to 5/2/2007 is 1665 days, and to 2/22/2007 is 1598 days (Fib 8/5). In his label, he says its 5/2/2007 +/-2 trading days. He recommended fully leverage short position with stop at 13500 for Dow. I know that Airedale uses March 2003 low for his cycle study for reasons, and I don't know how to reconcile their differences. One thing I know is that Prechter issued an interim report on 2/22/2007 for the turn, which turned out to be true. I also know his short prediction by his firm is wrong for over a month, pretty much every time. Airedale's cycle study turned out to be true many times, but he didn't predict the turn on 2/27/2007. Trade at your own risk. P

[snorkels4]

i dont subscribe but have been poluted by his deflation message anyway on his site hes sites a fractal from 1977-82 for evidence of the decline--anybody look at this? """Why symmetry and the time period of 1977-1982 might tell you something about 2002-2007""".

[Frac_Man]

Thank you very much. BTW what Prechter does is catch the Fib fractals. That is why he turns out some
good short term calls but long term ? No one can do that for very long

Hank

I subscribe their service and I must say that I am not impressed with their prediction. Their short term prediction has been wrong since the low in March, and they keep looking for the wave 2 till the breakout, and they keep a very bearish stand overall. The most fascinating thing is that their prediction of DOW will go to 400, which really made me wonder why the hell I paid them at the first place.

In any rate, prechter's reasoning is that 5/2/2007 +/- 4 trading days is the fib 5/3. From Oct 9th 2002 low (Dow) to 5/2/2007 is 1665 days, and to 2/22/2007 is 1598 days (Fib 8/5). In his label, he says its 5/2/2007 +/-2 trading days. He recommended fully leverage short position with stop at 13500 for Dow.

I know that Airedale uses March 2003 low for his cycle study for reasons, and I don't know how to reconcile their differences. One thing I know is that Prechter issued an interim report on 2/22/2007 for the turn, which turned out to be true. I also know his short prediction by his firm is wrong for over a month, pretty much every time. Airedale's cycle study turned out to be true many times, but he didn't predict the turn on 2/27/2007.

Trade at your own risk.

P