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Neal:
I read Prechter's book written before 1995 for which I
had to pay $50 or $60 in 1996 in which he predicted
that the western economies or markets, I can't recall
which, would be more or less going off the edge of the
world in 1995!! Never mind that baby boomers are
buying stock, his overanalytic and under
intellectually developed system says buy
gold/bullets/farms in hidden valleys in Montana/etc.
He had the balls to keep selling the book and charging
a lot for it a year after he was so incredibly,
stupidly wrong. It all looked like a lot of overly
analytic unreal sickness to me anyhow. I was just
beginning to study trading and I recall hoping that I
never had to learn all that s__t.
If I had been watching Boeing for a recovery, my
home-brewed indicator system would have signaled to
get me in at $29.15 on 9/21 if I just had to have some
BA and needed a place to put $ or was looing for a
snap-back play. If I were assisting a risk-aversive
long-term holding friend I would have gotten a signal
to enter at $32.75 on 9/24.
I really would like to know if your analysis would
beat that because if the answer is no then I don't
want to ever waste any more time or money on
fibonacci/music of the spheres garbage and of course
if the answer is yes then I will have to study it.
Max
"The race may not always go to the swift nor the battle to the strong, but it is the way to bet"
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