Well I read how china STEALS so much and how so much hot money is going to corruption and it scares me - at least I know the wall street crooks here fuggin me, no shanghai surprise - hehe.
Message 21261409
GM 50% partner with CHERRY(sp?)Chinese car manufacture
they sell sedan for $9000
GM discovers at auto show in Shanghai CHERRY has their own
booth, 6 booths away from GM`s and Sellinfg A CHERRY for $6000 that is identical
to GMs`
I am studying this Prechter guy cause I never heard of him before - this was on yahoo messages:
finance.messages.yahoo.com
<< guess it yet ? Prechter's Silver just bellow the top of the huge downward spiral ... as far as I know they wrongwayCorriganed together for quite a while ....Prechter no longer appeared on FNM ... he hired some poor shnook to be interviewd at least once a week in his place >>
Your point is well taken. There's a great quote in "Confessions of a Wall Street Insider" by C.C. Hazard, on the Elliot Wave Theory: "The Elliot Wave Theory is remarkable for never having predicted ANYTHING correctly."
Actually, it's not quite that bad, Prechter was the guru for the day in the early 80s, when the Dow was 700 and he said it would go to 4000 over the next couple of years. Everyone thought he was nuts, but was proven right. Unfortunately, that was the last time he was right, because he was calling the top ever since then and missed the whole damn Internet bubble. Made excuses all the way up. Said it was an "alternate count". I asked them, if someone took your advice and sold their house, and moved to Iceland, should they buy and "Alternate" house? In Iceland? Or move back to NYC? I didn't get an answer.
Fibonacci numbers have some use though, and the theory is interesting, but I don't bet my house on it.
uP Appx! |
