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Strategies & Market Trends : Classic TA Workplace

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To: NucTrader who wrote (32186)	2/25/2002 10:38:54 PM
From: velociraptor_	Read Replies (2) of 209892

The Cheif is dead wrong. He has been right for so long because his simply buy and hold strategy during the course of the bull market was right. From 1982 to 2000 the market went up. If you bought and held, any joe made a buck. The problem is he still thinks it's a bull market. He missed the ENTIRE drop in the Nasdaq. He pumps the same stocks that he has for the last few years...stocks which are now roughly 90-95% off their highs. One is even a penny stock now. He has called the "epicenter of wave 3" up a number of times since the Jan 2000 high and he's been wrong every time. I can post at least 6 articles during the last few years of interviews and you would probably laugh your *ss off at the predictions he made which never came true. The fact is though, that he can't play both sides of the field, otherwise he would have caught the Nasdaq crash and more and he would not have made those outlandish predictions. VIX is not going to 10 and the DOW is not going to 10,500...not in this economic environment. I'm not scared at all.

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