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Strategies & Market Trends : Classic TA Workplace
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To: SwampDogg who wrote (81134)9/10/2003 11:35:04 PM
From: mishedlo  Read Replies (4) of 209892
 
Ugh - I am not really an ewaver but post here cause Shack has one of the best boards on SI.

I try and offer what I can and sometimes it is taken wrongly as hostile cause of the way I say things.

At any rate that chart was from Brian on my board on the FOOL.

I was hoping to see a count on it.

The big problem I have is that wave 5's endlessly subdivide until they fail. As far as I am concerned that is a huge huge problem. Shack, AA and other have overcome it but I have been following VELO with it and top after top after top proclamation has been taken out.

There are so so many ewave intrepretations that I wonder if it is of much use at all sometimes.

Hell pretcher himself has INSISTED that gold was in a long term downtrend and would bottom at 200. Finally 100 points later he declares an uptrend (yesterday).

If I am not mistaken, he was bearish on the markets all thru the mid 90's waiting for the next move down that happened 7 years later.

WTF good is any of this?
Shack and AA are better than Pretcher!
Without a doubt.
But what does that say?

Hell I have no Idea what that says, but all this ambiguity in reading the same chart with WILDLY different intrepretations means you better be better than Pretcher or you are losing you ever loving ass.

M
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