Just a reminder:
I've heard the wave theorists talk of the 5th wave over and over and
over and over again....for a while I really believed in it...but then I got burnt and started to think that something is missing in a drastic way with their analysis.
I used to hear of the wonders of Fibinochi (sp?) and was amazed at how
intricate that analysis was....but how many times does it need to call
for a crash before someone says "crying 'WOLF' again?"
point and figure, line cluttered charts, stochastics, accumulation,
distribution, etc, etc...
In their own little way, they all make some sort of sense but not entirely on their own and not by themselves as a group.
You see, there are other things that matter. The economy, consumer's
spending habits, interest rates, earnings, the computer and internet
revolution (still in its infancy, IMO)...i.e., the fundamentals.
Oh sure, there will be corrections and there may even be more crashes...we are plagued with repeating our mistakes....but we are also fortunate enough to learn from them. The reality lies somewhere in between.
Happy 4th EVERYONE!
Paulo
PS...I posted the above back in April. |
