Predictions - Does Anybody Get It Right? Message Board

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Pastimes : Predictions - Does Anybody Get It Right?

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To: Zeev Hed who wrote (42)	1/27/2002 1:59:30 PM
From: Dale Baker	Read Replies (1) of 117

I wasn't commenting on your record prior to November 2001 - thanks for the recap, it shows the value of spotting long-term trends. But even your impressive record illustrates that finding important turns on a day to day basis is an exercise in futility. Your best hits were within ten days mostly, a time period when markets can shift 10-15% in some cases. Even you bail on Q trades when they go less than a buck the wrong way. No way you would buy and hold them in a 10-15% reversal, even a temporary one. Larry's channel buys and sells follow his long-term market calls exactly. As long as most of your scalping doesn't track your near-term up and down calls (i.e. you scalp the Q's intraday and you seem to enter other stocks based on specific price levels rather than your broader NASDAQ predictions), then you aren't putting much money behind the turnips, except in a loosely related fashion. Try paper-trading the QQQ long and short according to your turnips calls and see how it performs over several months. I would be interested in the results.

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