"Now is a good time to cover shorts -- close to break-even -- and return to a cash position until the next opporturnity" -- to not make any money
Prechtor - tossing in the towel (again)
Started by
ChickenLittle
, Jun 25 2007 10:53 AM
8 replies to this topic
#1
ChickenLittle
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Posted 25 June 2007 - 10:53 AM
History always repeats . . . only the details change.
#2
NAV
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Posted 25 June 2007 - 10:56 AM
Is he calling for the wave 3 of 3 of....down again ? OMG 
#3
ChickenLittle
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Posted 25 June 2007 - 10:59 AM
Is he calling for the wave 3 of 3 of....down again ? OMG
I think so, but I would have to check with the subscriber that sent me the quote.
History always repeats . . . only the details change.
#4
tommyt
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Posted 25 June 2007 - 11:03 AM
I'm not 100%, but a trader friend who gets his service says he has been bearish and short off and on for 6-8 months during the huge rally...breakeven? not sure about that.
a broken clock is right twice a day.
Edited by tommyt, 25 June 2007 - 11:04 AM.
#5
ChickenLittle
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Posted 25 June 2007 - 11:07 AM
...breakeven? not sure about that.
a broken clock is right twice a day.
If he spins it loud and often, someone will believe Prechtor. But not me.
1982 was his claim to fame when no one was bullish.
History always repeats . . . only the details change.
#6
Tor
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Posted 25 June 2007 - 11:56 AM
all gurus come and go. the same today as tomorrow and the day after. truth is they are all guessing.
Edited by Tor, 25 June 2007 - 11:57 AM.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#7
NAV
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Posted 25 June 2007 - 12:04 PM
all gurus come and go. the same today as tomorrow and the day after. truth is they are all guessing.
How can someone be wrong for more than a decade by just guessing ? The truth must be something else.....
#8
calmcookie
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calmcookie
Posted 25 June 2007 - 12:10 PM
all gurus come and go. the same today as tomorrow and the day after. truth is they are all guessing.
C'est vrai, mon ami,
C.C.
(no "guru" succeeds, consistently ... over time)
#9
da_cheif
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