Super Cycle top update
#21
Posted 09 March 2008 - 12:05 PM
#22
Posted 09 March 2008 - 12:13 PM
Edited by SemiBizz, 09 March 2008 - 12:14 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#23
Posted 09 March 2008 - 01:55 PM
Edited by milbank, 09 March 2008 - 02:04 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#24
Posted 09 March 2008 - 02:11 PM
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#25
Posted 09 March 2008 - 02:22 PM
Bottom line this is what Larry said:
The phase of the Moon is not what generates cycles, it is the Apogee-Perigee and lattitude declination that generates the cycles. We can see this visually in an Ocean tide chart. During an up bias week tides will be decreasing in strength and during down bias weeks tides will be increasing in strength. Here is this weeks tide chart, note every day of the week the high tide is lower and the low tide is higher. Result, an up bias week.
I took him at his word, but I was skeptical, so I back-tested it. I posted examples that disproved the above statement. Larry, then, rather than explaining himself, stiffed me. That's fine. If he doesn't want to explain himself, he shouldn't have started in the first place.
Edited by SemiBizz, 09 March 2008 - 02:37 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#26
Posted 09 March 2008 - 03:24 PM
You are right. You definitely responded to what you were given at that point Semi.Look, I'm not in the business of playing games here particularly... the victim, persecuter, rescuer game.
Bottom line this is what Larry said:
The phase of the Moon is not what generates cycles, it is the Apogee-Perigee and lattitude declination that generates the cycles. We can see this visually in an Ocean tide chart. During an up bias week tides will be decreasing in strength and during down bias weeks tides will be increasing in strength. Here is this weeks tide chart, note every day of the week the high tide is lower and the low tide is higher. Result, an up bias week.
I took him at his word, but I was skeptical, so I back-tested it. I posted examples that disproved the above statement. Larry, then, rather than explaining himself, stiffed me. That's fine. If he doesn't want to explain himself, he shouldn't have started in the first place.
One of the unfortunate aspects of conversation on the internet is that some things that might be taken as dry asides in conversation, are given equal weight as the actual point being communicated and the way in which something is posted can be taken as more of an offense than it was perhaps intended.
For us, who aren't originators of TA, the back and forth of you posters who are, is enlightening and helpful to our understanding of what the possibilities coming up are.
Edited by milbank, 09 March 2008 - 03:27 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#27
Posted 09 March 2008 - 04:02 PM
#28
Posted 09 March 2008 - 04:31 PM
#29
Posted 09 March 2008 - 10:50 PM
#30
Posted 09 March 2008 - 11:26 PM
http://www.xyber9.co...ForecastCode=UW
While his method seems pretty good on direction, he missed the last 3 major turns in the market... if you moved on his advice on Jan 20th and went long, you paid a big price... 80 SPX points. 100+ Nasdaq points, 5 points on the QQQQ.
Then there was the November Crash...
The Xyber9 short term Weekly forecast is as follows:
We did see the markets move up from October 20th to October 27th, then start its down trend to November 4th as previously forecasted. The Xyber9 programs are still suggesting that we will see the end to this down trend on November 4th; therefore we can expect the bottom to be on November 3rd or November 6th due to the end of this trend falling on a Saturday. That is to say we should see the markets prices lower on November 4th, lower than the highs of October 27th. We should see the market move up to November 12th from there
That would also have been about a $5 loss in the QQQQ, 112 SPX Points, and 150 Nasdaq points, depending on your entry.
I'd say that this methodology while somewhat accurate on relative direction, leaves a lot to be desired with respect to nailing turns in the market... and if you relied on his forecasts, you took big losses.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics