The only thing I am disappointed in is the fact that you can never admit you are wrong in a call, something most technical analysts don't seem to have a problem doing so they can adjust to the market.
<<in an interview in 1999 I called for a severe correction into 2002 4 year cycle low>> You mean this interview in May 1999?
stockhouse.com
The one where there is no mention of a pullback at all, but rather a call for the DOW to blast to 40,000?
Or maybe this interview in Feb of 1999...
stockhouse.com
You know...the one where you said, and I quote " We may got into a funk in preparation for the big explosion in year 2000, because everybody's seemingly ready to liquify themselves in front of Y2K and that's apossibility. Once they see that it's not the end of the world, there would be such an explosion of stock buying, the market would go crazy to the upside. But, whether ithappens this year or next year, there's no doubt in my mind"
Maybe my memory is a little faulty, but I can't seem to recall that big Nasdaq price exposion in 2000, nor 2001 for that matter. In fact, I see nothing to even mention a dip into the 2002 4 year cycle low.
Awe, heck...maybe it's this one in Nov 1999 near the end of the year.
stockhouse.com
Let's look at some of your statements here...
"Absolutely, a huge explosion dead ahead. "
"The educated guess is the possibility of within the next 6-12 months, we could have a huge explosion."
"The NASDAQ 100 is just exiting the halfway point of this particular move" (<---I love this one, halfway point..hehehe)
I'm sorry, but I need a little help in finding the severe correction call here. I can't seem to find it.
Or maybe we should just skip that and then go to the 2000 interview. Perhaps you just slipped up on the year...
stockhouse.com
You remember this interview...the one where you say we'll never see 10,000 again in our lifetime on the DOW? The line where you say we're not going to see the Nasdaq go to hell because the DOW is set to rally huge? Nope, you're still bullish as ever here too.
Well, Wollie...perhaps if you could assist me in finding this interview because I can't find it. I have seen nothing from you except bullish calls, even over the last 2 1/2 years. It won't take much to search through past posts of yours to find the number of times you have called the epicenter of 3 up, only to find the indexes make new lows all over again. And since 1999 you have pounded the table on your 2 favorite stocks VLNC and WAVC which you continue to do even to this day.
VLNC
stockcharts.com[l,a]waclyiay[df][pb50!b200][vc60][iLh8,3]&pref=G
WAVC
stockcharts.com[l,a]waclyiay[df][pb50!b200][vc60][iLh8,3]&pref=G
The first one had a high of near 40 and is now trading at, uh, oh...1.60?
The second had a high of 8 and is now at...what? 15 cents!!!
But of course your defense is you never lose money until you sell. Hmmm...I would have to say that most people would be pretty ticked off about losing over 95% of their stock value after a buy call. And all those repeated entries all the way down with every one of them now in the red. Surely, the margin man would have liquidated the account at this point, especially with all those average down buys and no sells.
Your experience of 30 years doesn't look like it's doing you any good right now because you have failed to adapt to the market, so don't preach to me about getting left behind. I may be a novice in years, but I certainly have called the market more correctly than you in the last 2 1/2 years and I am also always ready to admit I am wrong when I see things change. |
