wonder if you can address some of the points in this post from my thread.
Message 20009436
To:Nicholas Gates who wrote (51654)
From: Jorj X. McKie Saturday, Apr 10, 2004 2:01 PM
Respond to of 52340
I'm thinking you made a little mistake there. Your website says 2009.
The Dow Extended Forecast has been modified:
- 11,500 - 12,000 by May/June 2004;
- 12,500 - 14,000 by the end of 2004;
- 20,576 by 2004 or earlier.
Going through your site, I find your comments on program trading to be....simplistic. It assumes that all program trading has the same goal and that goal is to take the money from the little guy.
From your site:
The goal of program trading systems (PTS) is to vacuum up all the loose nickels left behind by traders and/or investors from the abnormalities in pricing practices.
You seem to dismiss the idea that one trading program may be designed to outsmart another trading program and therefore go for the big money, rather than the "nickels". In other words, the simple fact that a certain percentage of trading is through program trading is meaningless because one program can nullify the effects of another. I think it is safe to say that I believe that your theories on program trading are faulty because they are based on a false premise to start with. That being that they are going for the "nickles" from the investors/traders. I believe that "they" consider us little guys to be pretty inconsequential.
BTW: it is kinda weird that you speak in the plural throughout your website and yet in your disclaimer you state clearly that the site is operated solely by you. Trying to make yourself look bigger than you are?
Most of your stuff seems to be fluff, meaningless buzzwords and unsubstantiated assertions. But you have targets, please come back to gloat on June 30 when the dow is at 11,500 and then again on Dec 31 when it is at 12,500. |
