What makes Wolanchuk's 10-year performance so incredible? Market timers, he says, tend to overplay their bearish hands. "I learned early on that to be king of the market timers, you just had to be bullish as hell," he says. And it has worked (at least in the abstract: Wolanchuk's performance is based on his market calls; he has never managed a fund). Based on his telephone service, at the end of last year, Timer Digest ranked him the best market timer for 1997. He also won the award for best timer for the past eight-year, five-year, three-year, and two-year periods.
Wolanchuk doesn't see the market turning down again soon. "I think the Dow can hit 16,000 in the next couple of months," he says. It's that type of prediction that can make even loyal Wolanchuk followers shake their heads. But consider this: in 1989, when the Dow was near 2700, Wolanchuk predicted the 1990s would end over 10,000. Earlier this year it flirted with 9400, and there's still 12 months to go.
Geeze cheif.. you been calling 16,000 since 1997?
#1
Posted 13 January 2007 - 05:15 PM
#2
Posted 13 January 2007 - 05:49 PM
#3
Posted 13 January 2007 - 07:25 PM
That may be, but this time, this kind of projection now has the internals to easily back up such forecasts.That prediction of 16,000 within 1 year has been out there for at least 10-15 years.
Fib
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#4
Posted 13 January 2007 - 09:22 PM
Edited by Vector, 13 January 2007 - 09:30 PM.
#5
Posted 13 January 2007 - 09:39 PM
Edited by Vector, 13 January 2007 - 09:40 PM.
#6
Posted 13 January 2007 - 11:14 PM
most of the time we "perma-bulls" do see it coming we just choose not to "play it" b/c we know better ...
Just b/c we didn't "play it" doesn't mean we didn't sense or see it coming.
[/quote
98 was a pimple on an elephants [bleeep].......
[quote name='dcengr' post='265896' date='Jan 13 2007, 05:15 PM']
I was just looking over this stuff... did you ever see 1998 coming?
[quote]What makes Wolanchuk's 10-year performance so incredible? Market timers, he says, tend to overplay their bearish hands. "I learned early on that to be king of the market timers, you just had to be bullish as hell," he says. And it has worked (at least in the abstract: Wolanchuk's performance is based on his market calls; he has never managed a fund). Based on his telephone service, at the end of last year, Timer Digest ranked him the best market timer for 1997. He also won the award for best timer for the past eight-year, five-year, three-year, and two-year periods.
Wolanchuk doesn't see the market turning down again soon. "I think the Dow can hit 16,000 in the next couple of months," he says. It's that type of prediction that can make even loyal Wolanchuk followers shake their heads. But consider this: in 1989, when the Dow was near 2700, Wolanchuk predicted the 1990s would end over 10,000. Earlier this year it flirted with 9400, and there's still 12 months to go.[/quote]
[/quote]
didnt i see 1998 coming....lol...it was a four year cycle wasnt it.....and in 99 another interview we talked about the uglinsess of the 2002 4 year cycle low that was coming..in fact the title of the interview by stockhouse was...."the coming crash"
#7
Posted 19 June 2009 - 07:26 AM